UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~Comprehensive filing~~For ~~for~~ the fiscal ~~years~~year ending

December 31, ~~2009, 2008 and 2007 respectively, including~~2010

Quarterly reports for the Quarters ending

3/31/08 through 9/30/08

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number: 0-32267

~~SPECIALIZED SERVICES~~EXERGETIC ENERGY, INC.

(Exact Name Of Registrant As Specified In Its Charter)

Michigan	3827-~~2781857~~2950066
(State of Incorporation)	(I.R.S. Employer Identification No.)
23077 Greenfield Road, Suite 470, Southfield, MI	48075
440 Burroughs Suite 386, Detroit, MI	48202
(Address of Principal Executive Offices)	(ZIP Code)

Registrant's Telephone Number, Including Area Code: (~~248~~313) ~~557~~378-~~1030~~0834

Securities Registered Pursuant to Section 12(g) of The Act: Common Stock, $0.0001

Common Stock, $0.0001 Over-the-Counter Bulletin Board

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes o x No xo

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate ~~web site~~website, if any, every Interactive ~~Data~~Date File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405) during the preceding 12 months. Yes o No x

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of "large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o Accelerated filer o Non-accelerated filer o) Smaller reporting company x (Do not check if a smaller reporting company)

Non-accelerated filer o (Do not check if a smaller reporting company) Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act): Yes o No x

The Aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter, ~~June~~ September 30, 2010 was $~~85,201~~0.3818.

There were ~~473~~15,763,341 ~~421~~ shares of the Registrant’s $.0001 par value common stock outstanding as of ~~September~~March 829, ~~2010~~2011.

Documents incorporated by reference: none

TABLE OF CONTENTS

Item	~~Description~~	~~Page~~Description	Page
PART I
ITEM 1.	~~DESCRIPTION OF BUSINESS~~	3DESCRIPTION OF BUSINESS	1
ITEM 2.	~~DESCRIPTION OF PROPERTY~~	5DESCRIPTION OF PROPERTY	5
ITEM 3.	~~LEGAL PROCEEDINGS~~	5LEGAL PROCEEDINGS	5
PART II
ITEM 5.	~~MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS~~	6MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS	5
ITEM 6.	~~N/A~~	7N/A	7
ITEM 7.	~~MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS~~	8MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	7
ITEM 8.	~~FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA~~	12FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	10
ITEM 9	~~CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE~~	12CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE	10
ITEM 9A(T)	~~CONTROLS AND PROCEDURES~~	12CONTROLS AND PROCEDURES	10
PART III
ITEM 10.	~~DIRECTORS AND EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE~~	13DIRECTORS AND EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE	11
ITEM 11.	~~EXECUTIVE COMPENSATION~~	14EXECUTIVE COMPENSATION	13
ITEM 12.	~~SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE~~	15SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE	15
ITEM 13.	~~CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS~~	15CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS	15
ITEM 14.	~~PRINCIPAL ACCOUNTING FEES AND SERVICES~~	16PRINCIPAL ACCOUNTING FEES AND SERVICES	15
PART IV
ITEM 15.	~~EXHIBITS, FINANCIAL STATEMENT SCHEDULES~~	20EXHIBITS, FINANCIAL STATEMENT SCHEDULES	19

Forward-Looking Statements and Associated Risks

This Annual Report on Form 10-K and the documents incorporated herein by reference contain forward-looking statements that have been made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations, estimates and projections about ~~Turbine~~Exergetic ~~Truck~~Energy ~~Engines~~ Inc.’s industry, management beliefs, and assumptions made by management. Words such as “anticipates,” “expects,” “intends,” “plans,” ”believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict; therefore, actual results and outcomes may differ materially from what is expressed or forecasted in any such forward-looking statements.

PART I

ITEM 1. DESCRIPTION OF BUSINESS

~~The Business of Specialized Services, Inc.~~General

~~Specialized Services~~Exergetic Energy, Inc., was founded inon ~~January~~May ~~1988~~27, 2010 as a Michigan s-corporation, and ~~in 2005~~was ~~changed~~created to aimprove ~~c-corporation.~~upon ~~The~~and ~~Company~~expand ~~is in~~ the ~~fuel~~various ~~services distribution~~energy ~~business,~~options/resources ~~principally~~available ~~to its truck fleet customers ("Fuel Services"). Through our distribution group, we negotiate with fuel providers, such as truck stops across the United States,~~ for ~~volume~~prospective ~~discounts for our fleet~~ customers. While ~~The~~specializing ~~Company~~in ~~also~~both ~~negotiates~~renewable ~~with~~and ~~its~~efficient ~~truck~~non-renewable ~~fleet customers~~sources, ~~based~~ ~~upon~~Exergetic ~~their~~believes ~~fuel~~itself ~~use~~to ~~requirements~~be ~~and~~well ~~committed~~positioned ~~volume needs, in order~~ to ~~provide~~capitalize ~~the~~upon ~~best prices discounts. The Fuel Services provided by~~ the ~~Company~~opportunities ~~include~~that coordination of our truck stop directory with negotiated pricing with truck stops and cost per gallon on a cost plus basis or a discount at point of sale, together with use of a fuel credit card provided by a third party biller. These cards are ~~made~~taking ~~available~~place toas ~~fleet truck drivers, so that over~~ the ~~road~~world ~~purchases~~moves ~~of fuel can be tracked, volume commitments and discounts evaluated and efficiencies provided~~ to ~~our~~a ~~customers~~more ~~and~~enlightened ~~increased~~stance ~~truck~~on ~~flow~~energy ~~to the truck stop providers of fuel~~consumption.

WeCompany have established a tracking system to monitor fuels costs across the US, because of the substantial variation and constant fluctuation of fuel costs. Our Fuel Services program determines the amounts due our trucking company customers, based upon invoices from all truck stops, collection of rebates earned by our trucking fleets, for which we are paid a monthly fee that we negotiate. We believe our Fuel Services program and the initiatives we have implemented have lowered our cost structure, improved the economics we can offer our truck fleet customers and strengthened our ability to add to our services program.Overview

As a full service energy company Exergetic Energy, Inc (“Exergetic”) has with its’ tripartite organizational structure the means to address a myriad of different energy challenges facing our customers. Represented by three distinct divisions: Non-Renewables, Renewables & Energy Optimization, Exergetic is a solutions provider for a myriad of different energy solutions. The ~~Company's~~ ~~Business~~three ~~Strategy~~main divisions that exist within Exergetic possess the following strategic objectives:

~~Since~~· ~~its inception,~~Provide ~~the~~innovative ~~Company's~~technology ~~strategy~~driven ~~has~~solutions ~~been~~that tomeet ~~grow~~our asclient’s aneeds ~~Fuel~~and ~~Services~~align ~~provider to~~with ~~truck fleet customers in~~ the larger US. ~~The~~Energy ~~Company~~Plan ~~seeks to continue to expand its position~~ as adefined ~~regional~~by ~~leader in servicing fuel distribution and in offering enhanced services to~~ the ~~fuel~~Obama ~~user industry~~Administration.

~~Our business~~· ~~strategy~~Leverage isour toexpertise ~~use~~in ~~our~~government ~~competitive~~contract ~~strengths~~work tovia ~~achieve~~Small ~~sales~~Business ~~and earnings~~Administrations’ ~~growth.~~8A Asprogram ~~principal~~in ~~elements~~order ofto ~~our~~provide ~~strategy~~efficient, weclean ~~intend~~ energy solutions to: the Departments of Defense and Energy, respectively.

· ~~Grow~~Expand ~~Sales~~the touse ~~New~~of ~~Fuel~~renewable ~~Users:~~energy Wesources ~~are~~into ~~moving~~mainstream ~~beyond~~customer ~~our~~applications ~~historic~~per ~~market of truck fleets principally in~~ the ~~Midwest~~use ~~and~~of ~~have~~smart ~~targeted~~device two key growth sectors. First, we are focusing on branding our Fuel Services program for retailers, including highway stations and truck stops nationally, which have demonstrated significant sales volume. Second, we are concentrating on neighborhood retailers such as independent gas stations.technology

3· Continue to develop/market/manufacture leading edge technology for the vast array of energy needs that occur within the residential and commercial arenas at optimum price points

·Our ~~Grow~~executive ~~Related~~offices ~~Services:~~are ~~Develop~~located aat ~~network~~440 ofBurroughs ~~diesel~~Site ~~fuel~~386, ~~distribution to 160 major markets in the US utilizing our established Fuel Services network and programs; Establish an in-transit service of providing truck tire~~Detroit, ~~wheel~~Michigan ~~and~~48202. ~~battery~~Our ~~repairs~~telephone ~~across~~number ~~the~~is US(313) ~~and Canada; Offer truck freight brokerage services for freight; and Offer pre~~378-~~paid~~0834. The ~~fuel~~company ~~cards~~maintains ~~for~~its ~~major~~website ~~suppliers~~at ~~of truck fuel nationally~~www.exergeticenergy.com.

· Continue to Improve Working Capital Management and Reduce Costs: We intend to improve our working capital management primarily by improving our turnover rates. To do this, we will continue to improve procurement management practices, further develop our central procurement operations, improve ad forecasting with our customers, effectively manage alternative channels of fuel product sourcing, invest in systems enhancements and invest in expanding our tanker truck fleet. In addition, to strengthen our position as a low-cost distributor of fuel products, we have instituted a "culture of thrift" among our employees and developed initiatives to reduce our expenses through our low cost pursuit program.1

· Look for partners with larger facilities within the same sector as a growth strategy.

Competition

~~The markets~~Exergetic inis ~~which~~an weamalgam ~~operate~~of ~~are~~three ~~highly~~distinct ~~competitive.~~energy Werelated ~~compete in our Fuel Service~~ business ~~and several of other services against many companies in fragmented, highly competitive markets and we have fewer resources than some of those companies~~units. As ~~Our business competes in the area of fuel distribution principally on the basis of the following factors: service quality~~such, ~~reputation, technical~~each ~~expertise~~division ~~and~~has ~~reliable~~its ~~service.~~own ~~Competitive~~set ~~pressure and other factors could cause us additional difficulties in acquiring market share or could result in decreases in our margins, either~~ of ~~which~~unique ~~could~~opportunities ~~have a material adverse effect on our financial position~~ and ~~results of operations~~challenges.

~~The Company~~RENEWABLE ~~believes~~ENERGY ~~it has the following competitive strength:~~DIVISION

~~Low-Cost~~The Renewable Energy division is focused on the design & installation of solar panel systems per the use of photovoltaic (PV) DC/AC inverters. Exergetic has its’ own proprietary inverter technology for this industry. And while the majority of global solar panel demand is supplied by the China, ~~High~~ the company feels that a niche exist especially in the US market for the manufacture and production of solar power inverters. Furthermore, the lack of an international standard creates regional markets for inverters. In the U.S., regulations are particularly burdensome for manufacturers. Regulations differ across PV markets. Regulations for grid-~~Volume~~connected ~~Distribution~~PV ~~System:~~inverters vary across countries. Requirements are generally believed to be the most stringent in the United States. International manufacturers who want to serve this market need to design models specifically for the United States in order to meet regulations. This lack of uniformity creates regional markets, making it extremely difficult for manufacturers to create a global product.

Nearly 75% of the entire US photovoltaic market is supplied by production from just three manufacturers. The following three companies have US subsidiaries, which are responsible for the production and supply of the photovoltaic market in the US: (1) SMA Solar Technology AG (headquartered in Germany), Xantrex Corporation out of Vancouver, CN and Osaka-Sharp from Japan constitute the major suppliers in this industry. Exergetic views this lack of indigenous manufacturing capabilities of US based companies to be a major opportunity that we intend to capitalize upon while striving to become the largest US manufacture and supply of power inverters to the global marketplace.

ENERGY OPTIMIZATION DIVISION

The Energy Optimization division, which operates under the Exergetic name, has an orientation within the energy management and efficiency arena. The energy optimization industry functions as the backbone of the entire energy economy. Whether customers desire solar or fossil power energy sources; the government now mandates that all energy delivery systems be efficient and optimized. The company offers a unique array of services that combine quality engineering standards, such as ISO certification standards, along with Certified Energy Management techniques. In doing so, we are the first company to offer such a holistic array of services all designed to coalesce quality engineering with energy management. Exergetic believes that it stands poised to be a market leader in this hybrid industry and believes that others will follow in this direction as energy management specialist realize that overall system optimization cannot be achieved without quality engineering design and implementation methodologies.

The philosophy behind accelerating the growth of our consulting services is focused on leveraging existing relationships with firms and agencies focused on sustainable development through ISO standards and Energy Management in order to expand their offering beyond management systems to include design and implementation capabilities. Specifically, Exergetic can augment existing consulting firms’ core competencies, thus allowing them to offer their clients the services of:

•	Certified energy manager review/certification of systems, processes, facilities and products

•	Energy Auditing

•	Engineering Design Expertise

•	Design construction and implementation expertise

The energy auditing services offered by Exergetic are suitable for all types of facilities, whether residential, commercial or industrial. Our energy auditors are certified through the Association of Energy Engineers (AEE) and our point auditing system is based on American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) auditing standards. Based on the facility investigated each audit will include a specialized combination of the following services:

•

Thermographic Infrared Scanning: measures surface temperatures by using infrared video and still cameras. These tools see light that is in the heat spectrum. Images on the video or film record the temperature variations of the building's skin. It is also used to determine effectiveness of insulation.

•	PFT Air Filtration Test: this test determines the air filtration profile over a period of time (a few hours to several months).

•	Blower Door Test: this test locates air filtration by depressurizing building envelope.

•	Building Envelope Evaluation: measures heat flow through walls, roofs, foundations, windows in order to determination maximum heat gradients across all surfaces

•	Water Conservation Evaluation: measures pressure head and water flux through all faucets in a particular facility.

•	Complete Energy System Inspection: including lighting systems,HVAC systems, & hot water system

In assessing the energy optimization marketplace that exists both locally in Michigan and on the national level, the Company believes that this should be a prime area of focus. However, most companies that offer energy auditing services do so as an extension of their building & construction firm, such is the case for local competitors, Bestech Energy Systems in Oakland County and Michigan Energy Audits LLC of Clarkston, MI. Nationally, the same observation can be made of such players like The Hines Group, a global real estate development and property management firm and BEI & Associates, a large architectural & design engineering firm, that was hired to perform energy assessments at the Coleman A. Young Municipal Center in Detroit, MI.

We believe that Exergetic will have a competitive advantage arising from our core technical training--since the company was founded by Mechanical Engineers, we understand the true technological principles that undergird this “new” field of interest. However, energy optimization isn’t really new at all, it is governed by the fundamental laws of thermodynamics and the adherence to these laws defines the laws of physics! Our team has over 35 years of experience developing thermodynamic systems for a myriad of applications and have been performing the task of “energy optimization” for several decades, now. Our Energy Optimization Division provides interpretations and insights not found with the use of standard diagnostic tools—thus building individual solutions for individual clients based on principles of science.

In fact, the concept of this primary service offering, the Energy Educator Program, was borne out of a meeting that Exergetic held on July 29, 2010 with the Executive Director of the Detroit Wayne Joint Bldg. Authority (DWJBA). The DWJBA received a 2008 ENERGY STAR Label on behalf of its efforts to reduce energy consumption and implement smart business practices at the Coleman A. Young Municipal Center and Exergetic conducted this meeting to garner a first-hand overview of the potential for energy optimization in the Greater Detroit Metropolitan Area. The Executive Director stated that while there were definitely a significant number of companies engaged in the business of energy auditing and optimization, there were currently no suppliers of the energy optimization technology training that the user needs in order to be able to understand, operate, sustain and realize the energy savings opportunities articulated in standard energy audit reports. The lack of knowledge of how new energy efficient components operate makes this seem like “black box” technology when they really are not. Our Energy Educator Training Program has been developed to bridge this gap and take the mystery out of the science. Our software program known as the “Energy Educator Program”, was conceived as an interactive, on-site, computer based training for customers to effectively manage their energy optimization plan. The initial design for this product was established in 2Q 2010 and additional upgrades have been made as continuous improvements since that time. Now that the program design has been completed, the company will work on finalizing the computer algorithm and begin programming. The Company plans to hire Computer programming experts that are adept at software development and plans for the initial product prototypes to be available by 4Q 2011. We intend to offer our product as free “add ons” for our energy auditing customers as a means to get a sufficient sample population to assist with debugging our product before we begin offering it on a national level. Once finalized, inspected and ready for official product release projected by 1Q 2012, Exergetic plans to submit a patent application to the US Patent and Trade Office in order to obtain patent protection for our concept and algorithm

NON-RENEWABLE DIVISION

The third and final division of Exergetic is the non-renewable business unit. This division functions primarily as a commercial fossil fuel supplier. This division incorporates the business operations of Specialized Services, Inc. existing prior to the merger.

We have established our Fuel Services program as a service capable of providing truck fleets with cost savings based upon high volume nationally, together with the means to track costs, savings and usage, through our third party billing card. With high volume comes the opportunity to operate more efficiently by leveraging costs. Our efficient and productive operations have enhanced our ability to provide customers with competitive pricing of their fuel product needs which advantage improves customer acquisition and retention.

~~Efficient Centralized~~Our ~~Purchasing~~business competes in the area of fuel distribution principally on the basis of the following factors: service quality, reputation, technical expertise and reliable service. Competitive pressure and other factors could cause us additional difficulties in acquiring market share or could result in decreases in our margins, either of which could have a material adverse effect on our financial position and results of operations.

Management decisions and vendor negotiations provide customers with cost savings for their fuel products, which services are from our centralized location dealing with the Company for a fee. We believe our customer support center is one of the largest volume-buying locations of fuel products in tour markets. Centralized purchasing generates economies of scale because it enables us in one location to contract for the purchase of fuel products more efficiently by eliminating redundancy involved in purchasing through multiple locations, which we believe increases our leverage with wholesale fuel providers. We believe that our centralized purchasing capabilities are valuable to our customers, the truck fleets which operate nationally.

Diverse Distribution Base:

We have arrangements with fuel distributors at approximately 3,000 fuel stations under a wide variety of formats across the United States. Further, we provide our Fuel Services program to approximately 3 truck fleet customers.

4We negotiate with fuel providers, typically truck stocks, to keep fleet prices for fuel products low by leveraging our existing distribution and wholesale purchasing capabilities and maintaining a lower cost structure associated with operating these distribution networks. We believe this strategy will become increasingly profitable because we focus on high-turnover, employ flow-through distribution methods that eliminate product storage operating costs and handling expense.

Successful Price Strategy: We negotiate with fuel providers, typically truck stocks, to keep fleet prices for fuel products low by leveraging our existing distribution and wholesale purchasing capabilities and maintaining a lower cost structure associated with operating these distribution networks. We believe this strategy will become increasingly profitable because we focus on high-turnover, employ flow-through distribution methods that eliminate product storage operating costs and handling expense.

Many of our competitors have achieved significant national brand name recognition as fuel distributors and have extensive promotional programs. Our Fuel Services program uses equipment and technology that is widely available. Accordingly, barriers to entry, apart from capital availability, are low in our business, and the entrance of new competitors into the fuel distribution market may reduce our ability to capture improving profit margins. However, we believe that our comprehensive Fuel Services program, which includes pre-negotiated fuel discounts from wholesalers/retailers based upon volume commitments and pre-negotiated customer base with fleet truck operators nationally, provides advantages to both the supplier and the customer at reasonable costs. The Company's ability to compete successfully will depend on our success at retaining current customers and penetrating new targeted markets. There can be no assurance that the Company will be able to compete successfully, that its services will continue to meet with customer approval, that competitors will not develop and market their distribution services that are similar or superior to our services or that the Company will be able to successfully enhance its services.

Principal Suppliers

~~The~~ In the non-renewables division, the Company has contractual arrangements with over 8 fuel distribution centers, many of which operate multiple truck stops and other similar facilities nationally. The Company does not believe that it is dependent upon any single fuel distributor.

Dependence on Major Customers

The ~~Company~~ company does not depend on any major customers other than Churchill of Detroit, B & W Interstate and Cimarron Transportation, which accounted for 22%, 23% and 7%, respectively of ~~our~~the company’s revenues during ~~the~~ fiscal year ending ~~Dec.~~December 31, 2007. Because of the changes in the financial markets in 2008, and 2009, and the customer base of our trucking companies being automotive in nature, we have seen a decrease in revenues. As of ~~Dec.~~December 31, 2009, our major customer iswas Churchill of Detroit, which ~~accounts~~accounted for approximately 10% of revenues. In 2010, this trend continued with Churchill of Detroit and Tom Donahue Trucking, constituting approximately 10% and 30%, respectively of revenue.

Employees

As of ~~September~~March 829, ~~2010~~2011, the Company had 52 full time employees and 4 part-time employees, including its executive officers. No employees are covered by a collective bargaining agreement. The Company's management considers relations with its employees to be satisfactory.

ITEM 1A. RISK FACTORS

Not applicable.

ITEM 1B. DESCRIPTION OF PROPERTIES

~~The Company~~We ~~moved~~currently ~~out~~lease ~~of its leased~~ office ~~facility~~space inon ~~Southfield,~~a ~~Michigan~~month ~~in October,~~to ~~2008~~month ~~and~~basis ~~since~~for ~~that~~our ~~time~~main ~~has maintained its offices in~~ office ~~facilities~~ ~~provided~~at by440 ~~one~~Burroughs ofStreet, ~~its~~Suite ~~officers~~386, atDetroit, noMI ~~charge~~48202. ~~There~~ We ishave noa ~~legal~~month ~~obligation on the part of the officer~~ to ~~continue~~month tolease ~~provide~~for ~~the~~$375 ~~office~~per ~~space to us at no charge in the future~~month.

We own approximately 8.3 acres or raw land in DeSoto County, Florida having an address of 956 Hull Road, Arcadia, Florida 34269. The land is owned free and clear by Clarence McCullum, Sr., through his Company, CBM Investment Company. CBM has executed a Quit Claim Deed to the Company which is to be recorded in the land records of DeSoto County, Florida.

ITEM 3. LEGAL PROCEEDING

The Registrant's officers and directors are not aware of any threatened or pending litigation to which the Registrant is a party or which any of its property is the subject and which would have any material, adverse effect on the Registrant.

ITEM 4. REMOVED AND RESERVED

PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

(a) Market Price Information

The Registrant's common stock became subject to quotation on the Pink OTC Markets under the symbol “SSPV” in February 2007. It currently trades under the symbol “~~SSRV~~XNGR”. To the best knowledge of the Registrant, there has been a trading market for the Registrant’s common stock for approximately the past three years. The following table shows the high and low bid prices for the Registrant's common stock during the last three fiscal years as reported by the National Quotation Bureau Incorporated.

	Fiscal 2009				Fiscal 2008				Fiscal 2007
	Fiscal 2010				Fiscal 2009				Fiscal 2008
	High		Low		High		Low		High		Low
Fourth Quarter ended December 31	$	0.2418	$	0.18	$	0.9024	$	0.~~175~~18	$	~~0.06~~090	$	0.~~009~~175
Third Quarter ended September 30	$	0.2418	$	0.2018	$	10.2524	$	0.20	$	01.0725	$	0.02
Second Quarter ended June 30	$	0.4118	$	0.0218	$	70.0041	$	0.3520	$	07.1000	$	0.0535
First Quarter ended March 31	$	0.7018	$	0.4018	$	3.50070	$	0.5040	$	23.0050	$	0.0550

~~On September 8, 2010, the closing bid price of the Company’s Common Stock as reported by the OTC.BB was $0.18 and there were approximately 48 shareholders of record.~~5

On April 7, 2011, the closing bid price of the Company’s Common Stock as reported by the OTC.QB was $ 0.15 and there were approximately 58 shareholders of record.

Dividend Policy

~~Holders of our common stock are entitled to dividends when, as, and if declared by the Board of Directors, out of funds legally available therefore.~~ We have not paid any ~~cash~~ dividends on our common stock and do not anticipate paying ~~any such~~ cash dividends in the foreseeable future. ~~Earnings,~~We ifintend ~~any,~~to ~~will~~retain beany ~~retained~~earnings to finance ~~future~~the growth of our business. We ~~may~~cannot ~~issue~~assure ~~shares~~you ofthat ~~our~~we ~~common~~will ~~stock~~ever inpay ~~private~~cash ~~or public~~dividends. ~~offerings~~Whether towe ~~obtain~~pay ~~financing,~~cash ~~capital~~dividends orin tothe ~~acquire~~future ~~other~~will ~~businesses that~~be ~~can~~at ~~improve~~the discretion of our ~~performance~~Board of Directors and ~~growth.~~will ~~Issuance~~depend ~~and~~upon orour ~~sales~~financial condition, results of ~~substantial~~ ~~amounts~~operations, capital requirements and any other factors that the Board of ~~common~~Directors ~~stock~~decides ~~could~~are ~~adversely~~relevant. ~~affect~~See ~~prevailing~~Management’s ~~market prices~~Discussion inand ~~our~~Analysis ~~common~~of ~~stock~~Financial Condition and Results of Operations.

There are no restrictions in our articles of incorporation or by-laws that restrict us from declaring dividends.

Equity Compensation Plans

In June 2005, the Company's board of directors approved an employee incentive plan and issued 900,000 shares under such plan. Since that time, no additional shares have been issued under the plan.

The Company’s 2010Employee Benefit Plan (the “2010 Plan”) authorizes up to 2,150,000 shares of common stock to any person employed by the Company either as an employee, officer, director or independent consultant or other person employed by the Company, provided that no person can be granted shares under the 2010 Plan for services related to capital raising or promotional activities. As of December 31, 2010, 1,250,000 shares have been issued pursuant to the 2010 Plan. There are no restrictions on resale upon the purchases of the stock from the employees or the consultants, unless contained in the written award approved by the Board of Directors.

Common Stock

During the fiscal ~~years~~year ending December 31, ~~2007~~2010, ~~2008 and 2009 respectfully,~~ there ~~were~~ was no modifications of any instruments defining the rights of holders of the Company’s common stock and no limitation or qualification of the rights evidenced by the Company’s common stock as a result of the issuance of any other class of securities or the modification thereof.

Plan category	Number of securities to be issued upon exercise of outstanding options, warrants and rights (a)	Weighted- average exercise price of outstanding options, warrants and rights (b)	Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c)
Equity compensation plans not approved by security holders

2010 Incentive Plan	N/A	N/A	N/A

During Fiscal year ending 2007, the Company issued 8,569,000 shares of common stock for services and in connection with the sale-leaseback of equipment. The total value of the shares issued for services was $193,045 and for the sale-leaseback of the equipment at $168,500.

During Fiscal year ending 2009, the Company issued 20,040,000 shares of common stock for services valued at $20,326.

On December 20, 2008, the company executed a 1 to 50 stock split.

During Fiscal year ending 2008, the Company did not issue any additional shares of its common stock.

Plan category

Number of securities to be issued upon exercise of outstanding options, warrants and rights (a)

Weighted- average exercise price of outstanding options, warrants and rights (b)

Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c)

Equity compensation plans not approved by security holders 2005 Incentive Plan

N/A

The Company’s 2005 Incentive Plan (the “2005 Plan”) authorizes up to 900,000 shares of common stock to any person employed by the Company either as an employee, officer, director or independent consultant or other person employed by the Company, provided that no person can be granted shares under the 2005 Plan for services related to capital raising or promotional activities. As of December 31, 2009, 900,000 shares have been issued pursuant to the 2005 Plan. There are no restrictions on resale upon the purchases of the stock from the employees or the consultants, unless contained in the written award approved by the Board of Directors.

ITEM 6. N/A

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS

THIS FILING CONTAINS FORWARD-LOOKING STATEMENTS. THE WORDS “ANTICIPATED,” “BELIEVE,” “EXPECT,” “PLAN,” “INTEND,” “SEEK,” “ESTIMATE,” “PROJECT,” “WILL,” “COULD,” “MAY,” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS. THESE STATEMENTS INCLUDE, AMONG OTHERS, INFORMATION REGARDING FUTURE OPERATIONS, FUTURE CAPITAL EXPENDITURES, AND FUTURE NET CASH FLOW. SUCH STATEMENTS REFLECT THE COMPANY’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND FINANCIAL PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES, INCLUDING, WITHOUT LIMITATION, GENERAL ECONOMIC AND BUSINESS CONDITIONS, CHANGES IN FOREIGN, POLITICAL, SOCIAL, AND ECONOMIC CONDITIONS, REGULATORY INITIATIVES AND COMPLIANCE WITH GOVERNMENTAL REGULATIONS, THE ABILITY TO ACHIEVE FURTHER MARKET PENETRATION AND ADDITIONAL CUSTOMERS, AND VARIOUS OTHER MATTERS, MANY OF WHICH ARE BEYOND THE COMPANY’S CONTROL. SHOULD ONE OR MORE OF THESE RISKS OR UNCERTAINTIES OCCUR, OR SHOULD UNDERLYING ASSUMPTIONS PROVE TO BE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY AND ADVERSELY FROM THOSE ANTICIPATED, BELIEVED, ESTIMATED, OR OTHERWISE INDICATED. CONSEQUENTLY, ALL OF THE FORWARD-LOOKING STATEMENTS MADE IN THIS FILING ARE QUALIFIED BY THESE CAUTIONARY STATEMENTS AND THERE CAN BE NO ASSURANCE OF THE ACTUAL RESULTS OR DEVELOPMENTS.

The following discussion and analysis of our financial condition and plan of operations should be read in conjunction with our financial statements and related notes appearing elsewhere herein. This discussion and analysis contains forward-looking statements including information about possible or assumed results of our financial conditions, operations, plans, objectives and performance that involve risk, uncertainties and assumptions. The actual results may differ materially from those anticipated in such forward-looking statements. For example, when we indicate that we expect to increase our product sales and potentially establish additional license relationships, these are forward-looking statements. The words expect, anticipate, estimate or similar expressions are also used to indicate forward-looking statements.

GROSS BILLINGS AND NET REVENUES

Gross billings, Direct Costs and Gross Revenues for the years ending December 31, ~~2009,~~ ~~2008,~~2010 ~~2007~~ and ~~2006~~2009 respectively are reflected below:

Fiscal Year Ending	Gross Billings	~~Gross~~Direct ~~Billings~~Costs	Net Revenue	Operating Expenses	Loss From Operations	~~Direct Costs~~		~~Gross Revenue~~
2009	$2,751,666	$2,683,172	2$68,~~751,666~~494	$122,570	($54,076)	$	~~2,683,172~~	$	~~68,494~~
2008		$	10,547,202			$	10,401,482	$	145,720
2010	$2,490,607	$2,468,309	$22,298	$93,182	($70,884)
2007		$	15,104,770			$	$15,069,476	$	35,294
2006		$	20,092,577			$	19,975,606	$	116,971

*The Economic conditions referred to within this section generally refer to the overall economic condition of the country as a whole and in particular for purposes of understanding the impact on the Company’s financials, the resulting decrease in Gross Billings and overall company financial picture, over the reported period was principally a result of changes in the general economic environment and specifically the higher costs of fuel because of lower refinery production. In addition, many of our trucking customers were tied to the automotive industry and with the downturn in the general economic condition and the financial collapse within the automotive industry, services and gross billings declined drastically. Additional information is provided where applicable.

Our direct costs during each of the four fiscal years decreased annually year over year principally as a result of *economic conditions, as the company streamlined its operations to adjust to decreased demand.

Gross Revenues for the Fiscal Year Ending December 31, 2009 decreased $77,226 from $145,720 for the Fiscal year ending December 31, 2008 to $68,494 for the Fiscal Year ending December 31, 2009 due primarily to *economic conditions.7

8Gross Billings for the Fiscal Year Ending December 31, 2010 decreased $261,059 from $2,751,666 for the Fiscal Year ending December 31, 2009 to $2,490,607 for the Fiscal Year ending December 31, 2010, due primarily to *economic conditions.

Gross Revenues for the Fiscal Year Ending December 31, 2008 increased $110,426 from $35,294 for the Fiscal year ending December 31, 2007 to $145,720 for the Fiscal Year ending December 31, 2008 due primarily to *economic conditions.

Gross Revenues for the Fiscal Year Ending December 31, 2007 decreased $81,677 from $116,971for the Fiscal year ending December 31, 2006 to $35,294 for the Fiscal Year ending December 31, 2007 due primarily to* economic conditions.

OPERATING EXPENSES

Operating Expense for the fiscal years ending December 31, ~~2009,~~2010 ~~2008, 2007~~ and ~~2006~~ 2009 respectively are reflected below:

Fiscal Year Ending	Operating Expenses	~~Operating Expenses~~
2009	$122,570	$	~~122,570~~
2008		$	277,988
2010	$93,182
2007		$	608,550
2006		$	167,016

Operating Expenses for the Fiscal Year Ending December 31, ~~2009~~2010 decreased $~~155~~29,~~418~~388 from $~~277~~122,~~988~~570 for the Fiscal ~~year~~Year ending December 31, ~~2008~~2009 to $~~122~~93,~~570~~182 for the Fiscal ~~Year~~ year ending December 31, ~~2009~~2010 to due primarily to *economic conditions, as the company streamlined its operations to adjust to decreased demand.

Operating Expenses for the Fiscal Year Ending December 31, 2008 decreased $330,562 from $608,550 for the Fiscal year ending December 31, 2007 to $277,988 for the Fiscal Year ending December 31, 2008 due primarily to *economic conditions, as the company streamlined its operations to adjust to decreased demand.

Operating Expenses for the Fiscal Year Ending December 31, 2007 increased $441,534 from $167,016 for the Fiscal year ending December 31, 2006 to $608,550 for the Fiscal Year ending December 31, 2007 due primarily to the Company’s increased expenses related to compliance costs associated with their publicly traded status.

NET INCOME (LOSS)

Net Income (Loss) for the fiscal years ending December 31, ~~2009,~~2010 ~~2008, 2007~~ and ~~2006~~ 2009 respectively are reflected below:

Fiscal Year Ending	Net Income (Loss)	~~Net Income (Loss)~~
2009	($54,041)	$	~~(54,041~~	)
2008		$	(121,248	)
2010	($183,077)
2007		$	(497,229	)
2006		$	(12,371	)

The Company’s Net Loss for the Fiscal Year Ending December 31, ~~2009~~2010 ~~decreased~~ increased $67129,~~207~~036 from ($~~121~~183,~~248~~077) for the Fiscal ~~year~~Year ending December 31, ~~2008~~2009 to ($5470,~~041~~884) for the Fiscal Year ending December 31, ~~2009~~2010, due primarily to * economic conditions.

The Company’s Net Loss for the Fiscal Year Ending December 31, 2008 decreased $375,981 from ($497,229) for the Fiscal year ending December 31, 2007 to $($121,248) for the Fiscal Year ending December 31, 2008 due primarily to economic conditions.

The Company’s Net Loss for the Fiscal Year Ending December 31, 2007 increased $484,858 from ($12,371) for the Fiscal year ending December 31, 2006 to ($497,229) for the Fiscal Year ending December 31, 2007 due primarily to the significant increase in the Company’s Operating expenses related to compliance costs associated with their publicly traded status.

LIQUIDITY AND CAPITAL RESOURCES

~~The Company~~Cash ~~had~~used ~~negative~~in ~~working~~operating ~~capital~~activities ~~as of December 31, 2009~~ and ~~limited~~ cash~~. The~~ ~~Company~~flows ~~plans~~from tofinancing ~~continue~~activities tofor ~~pursue~~the ~~its~~years ~~business~~ending ~~model~~December ~~to try~~31, ~~and~~2009 ~~increase its revenue~~ and ~~may~~2010 ~~also~~respectively ~~seek~~are areflected ~~partner within its sector or seek additional funding through debt or equity financing, as needed.~~below:

Cash used in operating activities and cash flows from financing activities for the years ending December 31, 2009, 2008, 2007 and 2006 respectively are reflected below:

Fiscal Year Ending	Cash Provided by (Used In) Operating Activities	Cash Used in Financing Activities
2009	$9,934	($6,281)
2010	($6,010)	($0)

Fiscal Year Ending	Cash Used In Operating Activities			Cash Flows From Financing Activities
2009	$	9,934		$	(6,281	)
2008	$	(3,880	)	$	(138	)
2007	$	(129,264	)	$	132,420
2006	$	(15,025	)	$	14,261

The Company’s Cash Used in Operating Activities for the Fiscal Year Ending December 31, 2010 decreased $15,994 from $9,934 for the Fiscal Year ending December 31, 2009 to ($6,010) for Fiscal Year Ending December 31, 2009, due primarily to *economic conditions. The Company’s Net Cash from Financing Activities for the Fiscal Year Ending December 31, 2010 increased $6,281 from ($6,281) for the Fiscal Year ending December 31, 2009 to $0 for the Fiscal year ending December 31, 2010 due to our not making any payments on our debt.

~~2009~~8

The Company’s Cash Used in Operating Activities for the Fiscal Year Ending December 31, 2009 increased $13,814 from ($3,880) for the Fiscal year ending December 31, 2008 to $9,934 for the Fiscal Year ending December 31, 2009 due primarily to economic conditions. The Company’s Net Cash from Financing Activities for the Fiscal Year Ending December 31, 2009 decreased $6,143 from ($138) for the Fiscal year ending December 31, 2008 to ($6,281) for the Fiscal Year ending December 31, 2009 due primarily to *economic conditions.

2008

The Company’s Cash Used in Operating Activities for the Fiscal Year Ending December 31, 2008 decreased $125,384 from ($129,264) for the Fiscal year ending December 31, 2007 to ($3,880) for the Fiscal Year ending December 31, 2008 due primarily to *economic conditions. The Company’s Net Cash from Financing Activities for the Fiscal Year Ending December 31, 2008 decreased $132,282 from $132,420 for the Fiscal year ending December 31, 2007 to ($138) for the Fiscal Year ending December 31, 2008 due primarily to *economic conditions.

2007

The Company’s Cash Used in Operating Activities for the Fiscal Year Ending December 31, 2007 decreased $114,239 from ($15,025) for the Fiscal year ending December 31, 2006 to ($129,264) for the Fiscal Year ending December 31, 2007 due primarily to *economic conditions. The Company’s Net Cash from Financing Activities for the Fiscal Year Ending December 31, 2007 increased $118,159 from $14,261for the Fiscal year ending December 31, 2006 to $132,420 for the Fiscal Year ending December 31, 2007 due primarily to *economic conditions.

There are no limitations in the Company's articles of incorporation on the Company's ability to borrow funds or raise funds through the issuance of restricted common stock. The Company's limited resources and lack of having cash-generating business operations may make it difficult to borrow funds or raise capital. The Company's limitations to borrow funds or raise funds through the issuance of restricted capital stock may have a material adverse effect on the Company's financial condition and future prospects, including the ability to execute its business plan. To the extent that debt financing ultimately proves to be available, any borrowing will subject us to various risks traditionally associated with indebtedness, including the risks of interest rate fluctuations and insufficiency of cash flow to pay principal and interest.

OFF-BALANCE SHEET ARRANGEMENTS

During the Fiscal Years ending December 31, ~~2007,~~2010 ~~2008~~ and 2009 respectively, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act of 1934.

Contractual Obligations and Commitments

As of the each of the Fiscal Years ending December 31, ~~2007,~~2010 ~~2008~~ and 2009 respectively, we did not have any Contractual Obligations and Commitments.

The Company may receive proceeds in the future from the exercise of warrants and options outstanding as of December 31, ~~2009~~2010 in accordance with the following schedule:

		Approximate Number of Shares				Approximate Proceeds
2006 Non-Plan Options and Warrants			2,007,413			$	981,783

Critical Accounting Policies and Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

We believe that the following critical policies affect our more significant judgments and estimates used in preparation of our financial statements.

Furniture and equipment are recorded at cost and depreciated on a declining balance and straight-line basis over their estimated useful lives, principally two to seven years. Accelerated methods are used for tax depreciation. Maintenance and repairs are charged to operations when incurred. Betterments and renewals are capitalized. When furniture and equipment are sold or otherwise disposed of, the asset account and related accumulated depreciation account are relieved, and any gain or loss is included in operations.

The Company has incurred deferred offering costs in connection with raising additional capital through the sale of its common stock. These costs are capitalized and charged against additional paid-in capital when common stock is issued. If there is no issuance of common stock, the costs incurred are charged to operations.

Research and development costs are charged to operations when incurred and are included in operating expenses.

New Accounting Pronouncements

For a description of recent accounting standards, including the expected dates of adoption and estimated effects, if any, on our financial statements, see “Note 3: Significant Accounting Polices: Recent Accounting Standards” in Part II, Item 8 of this Form 10-K.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The Registrant's audited financial statements for the fiscal years ended December ~~31,~~ ~~2007, December~~ 31, ~~2008~~2010 and December 31, 2009 are attached to this annual report.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

Not applicable.

ITEM 9A(T) CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer, we carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Management conducted its evaluation based on the framework in Internal Control – Integrated Framework issued by the Committee on Sponsoring Organizations of the Treadway Commission (COSO). Based on that evaluation, our Chief Executive Officer and our Chief Financial Officer have concluded that, at December 31, ~~2009~~2010, such disclosure controls and procedures were effective.

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure.

Management’s Annual Report on Internal Control over Financial Reporting

The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rue 13a-15(f) under the Exchange Act). Internal control over financial reporting is a process, including policies and procedures, designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with U.S. generally accepted accounting principles. Our management assessed our internal control over financial reporting based on the Internal Control – Integrated Framework issued by the COSO. Based on the results of this assessment, our management concluded that our internal control over financial reporting was effective as of December 31, ~~2009~~2010 based on such criteria.

Limitations on the Effectiveness of Controls

Our disclosure controls and procedures are designed to provide reasonable, not absolute, assurance that the objectives of our disclosure control system are met. Because of inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues, if any, within a company have been detected. Based on their evaluation as of the end of the period covered by this report, management concluded that our disclosure controls and procedures were sufficiently effective to provide reasonable assurance that the objectives of our disclosure control system were met.

1210

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the fourth fiscal quarters ending December 31, ~~2009,~~2010 ~~2008 and 2007 respectively,~~ that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

On December 3, 2010, the Company SSI, merged with Exergetic Energy, Inc. and changed its name to Exergetic Energy, Inc. The merger was finalized during the first quarter of 2011, and as part of the merger, management of the Company changed, including the Company’s Chief Financial Officer.

Auditor’s Report on Internal Control over Financial Reporting

This Annual Report does not include an attestation report of the Company’s independent registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this Annual Report.

PART III

ITEM 10. DIRECTORS AND EXECUTIVE AND CORPORATE GOVERNANCE

Name	Age	Title	Date Became Executive Officer
David E. Joseph	63	Chairman	10/2005
C. B. McCollum	42	Chairman of the Board, Chief Executive Officer	5/27/2010
Michael B. Jackson	57	Chief Financial Officer, Vice President and Director	10/2005
Clarence McCollum, Sr.	68	President	5/27/2010
Christopher Aldridge	47	President, CEO, and Director	05/2008
Brian K. McCollum	34	Chief Operations Officer	5/27/2010
Dennis Davenport, Esq.	63	Corporate Counsel and Director	08/2006
Dr. Jeffrey L. Streator	48	Chief Technology Officer	1/3/2011
James D. Jackson	41	Chief Financial Officer	12/3/2010

~~All of the officers have held these positions and/or directorships with us since April 2005.~~ Officers are not elected for a fixed term of office but hold office until their successors have been elected.

~~David E~~C. Joseph, Chairman - Mr. Joseph was one of the three founders of SSI in 2000. Prior to the organization of SSI, Mr. Joseph was employed by Ford Motor Company, Dearborn, MI where he had positions of increasing responsibility including supervisory and management positions. Mr. Joseph holds an MBA degree in management from the University of Detroit and a B.~~A.A.~~ degree in accounting from the Detroit Institute of Technology. Mr. Joseph is a Board Member of the Mitchell Ross Foundation and the Larry Doss Foundation and is Secretary of the Board of Don Bosco Hall. Mr. Joseph was co-owner of the Hawthorn Suites Hotel in Southfield McCollum, MiChairman ~~from~~& ~~2002 to 2006.~~CEO

~~Michael~~Mr. C.B. ~~Jackson,~~ ~~CFO,~~McCollum ~~Vice~~is ~~President~~the ~~and~~founder ~~Director~~of -Exergetic Energy, Inc. As Chairman/CEO, Mr. ~~Jackson~~McCollum is ~~also~~responsible ~~one~~for ~~of the~~Exergetic ~~three~~Energy’s ~~founders~~operations ofincluding ~~SSI~~the instrategic ~~2000.~~planning, ~~Prior~~logistics, tostaff ~~the~~leadership, ~~organization~~client ofdirection ~~SSI,~~and program implementation. Mr. ~~Jackson served~~McCollum asis ~~manager~~an engineering executive with nearly two and a half decades of ~~credit~~experience ~~for~~as ~~Meadowdale~~a ~~Foods~~Research Engineer, ~~Inc~~Product Manager & Oil Industry Executive., Mr. ~~Detroit,~~McCollum ~~MI,~~got ~~where~~his ~~he implemented~~initial start as a ~~program~~research engineer for ~~improvement~~NASA ofin ~~internal~~New ~~financial~~Orleans, ~~reporting~~La ~~systems and~~nearly ~~managed~~twenty anfive ~~inventory~~years ~~loan~~ago ~~portfolio~~and ofsince ~~$16~~that ~~million,~~time ~~among~~has ~~other~~held ~~duties.~~numerous ~~From 1982~~research and management position. Prior to ~~1985~~founding Exergetic Energy, Mr. ~~Jackson~~McCollum ~~was~~spent anthe ~~independent~~past ~~auditor~~four ~~for~~years ~~Commercial~~as ~~Services, Inc.,~~a ~~Madison~~Director ~~Heights,~~with ~~MI,~~the ~~where~~fourth helargest ~~was~~integrated ~~responsible~~Oil ~~for~~Company ~~insurance~~in ~~audits~~North ~~and risk assessment~~America. ~~Mr.~~Additionally, ~~Jackson~~he ~~holds~~has aserved ~~B.A.~~on invarious ~~economics~~American ~~from~~Petroleum ~~Morehouse~~Institute ~~College, Atlanta,~~(API) GACommittees and ~~attended~~has ~~Dartmouth~~been ~~College,~~published ~~Tuck~~and ~~School~~quoted in numerous articles on the concept of ~~Business,~~energy ~~Hanover,~~consumption ~~NH in~~and ~~1995-96~~optimization techniques.

Christopher B. Aldridge, President, CEO, and Director - Mr. Aldridge became the COO and a director of the Company in August 2006. In May, 2008 he was elected President and CEO. Since May 2006, Mr. Aldridge was the CEO of Good Faith Homes. From April 2004 to May 2005 Mr. Aldridge was an Executive Vice President for FIMCO, a national mortgage company. Form October 2002 to April 2003, Mr. Aldridge was the president of the Charter One Community Development Ban in Cleveland. Mr. Aldridge graduated from Harvard College, Cambridge, MA with a B.A. in Economics and graduated with a Juris Doctor from Wayne State University in 1993.11

13His background and knowledge of the energy business and executive management experience provide a solid foundation upon which the organization has built its technical merits. Mr. McCollum has amassed a seasoned group of executives and technical experts to assist in delivering the company’s motto…..”Providing Energy Solutions of Tomorrow, Today”.

~~Dennis Davenport, Esq., Corporate Counsel and Director - Prior to joining the Company as counsel in 2006,~~ Mr. ~~Davenport owned and managed the Hawthorn Suites Hotel in Southfield, MI from 2002 to 2006~~C. MrB. ~~Davenport~~McCollum also owned and operated two McDonald franchises from 1988 to 2001 in Michigan. Prior to owning and operating two businesses he worked as staff attorney for General Motors from 1983 to 1988. Mr. Davenport holds ~~a Juris Doctor from~~ the ~~University~~following ofadvanced ~~Michigan and holds a Master of Arts from the Michigan State University.~~degrees:

·	Bachelor Science with Concentration Physics, Morehouse College, Atlanta, GA, 1990

·	Bachelor of Mechanical Engineering, Georgia Institute of Technology, Atlanta, GA, 1992

·	Masters of Mechanical Engineering, Georgia Institute of Technology, Atlanta, GA, 1994

·	Certified, Lubricants Expert, United States District Court of New Jersey, Newark, NJ, 2000

Clarence McCollum, Sr., President

Mr. Clarence McCollum, Sr. has an extensive background in Signal Processing Design and Microcode Design of electronic systems such as those found in photovoltaics (i.e., Solar Panel Technology). He assists with the development and implementation of the strategic vision of Exergetic Energy to develop and implement the business strategy for all renewable energy initiatives with a primary focus on providing guidance and an execution strategy for all Solar Energy Projects. Clarence’s years of experience with component design of electronics are key attributes for the Company, which help reinforce the core technology capabilities of the organization. Listed below are key projects and accomplishments that further articulate the range of his experience and technical acumen within this field.

In 1977, he established CBM Electronics, Inc. to foster the professional abilities of minorities in the field of engineering & electronics. With a specialization in Electronic Signal Processing and Microcode System Design, his firm quickly established itself as a premier electronics company. Within the first five years of operation, CBM Electronics was engaged in the design of electronic systems for the United States Department of Defense and the Department of Energy, respectively.

Mr. McCollum, holds the following advanced degrees:

·	Bachelor of Science, Electrical Technology, S.C. State College, Orangeburg SC, 1965

·	Bachelor of Science, Electrical Engineering, G.W. University, Washington, D.C., 1969

·	Masters Degree, Computer Science, George Washington University, Washington, D.C., 1973

Dr. Jeffrey L. Streator, Chief Technology Officer

Dr. Jeffrey L. Streator brings to the corporation more than 25 years of university research experience from two of the top research/engineering institutions in the nation. Both as a Ph.D. candidate at University of California at Berkeley and a tenured professor at The Georgia Institute of Technology, Dr. Streator has been recognized for contributions that his work has provided to the field of interface mechanics and nano-scale lubrication. Dr. Streator’s specific area of research pertains to the behavior of thin liquidfilms with special considerations being paid to the fundamental material behavior and its influence on device performance. In its’ most basic form, interface mechanics is can be viewed as having ubiquitous application because interface dynamics are found in virtually all technological devices-from medicine to electronics. With the future viability of alternative energy systems in the new technological capabilities of SMART Devices, research on the mechanics of interfaces holds the key to the advancement and sustainability of the new energy economy.

Dr. Streator holds the following advanced degrees:

·	Bachelor Degree of Engineering Sciences, Harvard University, MA, 1984

·	Masters of Science, Mechanical Engineering, U.C. Berkeley, CA, 1986

·	Doctorate of Philosophy, Mechanical Engineering, U.C. Berkeley, CA, 1990

Brian K. McCollum, Chief Operations Officer

As Chief Operations Officer, Mr. Brian K. McCollum is responsible for the daily operations of each business unit of the company. Brian oversees the company's core corporate organizations that support all areas of the business worldwide, including research and development, information management, and strategy.

His primary role includes ensuring that the resources as set by the board of directors are used in the most efficient way possible in order to create the maximum value for the company’s shareholders. Mr. McCollum formerly served as Chief Operations Officer for Alpha Imports, LLC as well as being the Director of Arts and Education for Step Afrika. Brian has extensive international business experience from studying abroad in both Africa and Europe. In fact, Brian has spent an extensive amount of time over the past five years working in the following countries--South Africa, Tanzania, Ghana, Liberia, Zimbabwe, Thailand, Ireland and Brazil. He brings his international expertise to expand and diversify the operations of Exergetic Energy to different international markets.

Mr. McCollum holds the following advanced degrees:

·	Bachelor of Arts, Business Administration, Corporate Finance, Morehouse College, Atlanta, GA, 1999

·	Masters of Divinity, Princeton Theological Seminary, Princeton, NJ, 2010

James D. Jackson, Chief Financial Officer

Mr. Jackson comes to Exegetic with over 10-years of Business unit and development program management experience with an expertise in the design, development, marketing and distribution of computer equipment globally. Prior to taking on the role of , Mr. Jackson was with AT&T in the capacity of Project Manager for the introduction of hybrid fiber-optic coaxial (HFC) telephony service, commonly known to day a cable telephone service for AT&T. Mr. Jackson holds an MBA with a focus in Technology Innovation Management from the Leeds School of Business at the University of Colorado and was a member of the 1990 National Championship Football team.

Other experiences of Mr. Jackson include 5-years of environmental investigation and restoration project management with Weston Solutions Inc. as a Registered Environmental Professional with the State of Colorado.

ITEM 11. EXECUTIVE COMPENSATION

The following table contains the executive compensation to the chief executive officers of the Company for the periods set forth below.

Summary Compensation Table

Long Term

Annual Compensation

Compensation Awards

Other

Restricted

Securities

Annual

Stock

Underlying

All Other

Salary

Bonus

Compensation

Award(s)

Options

Compensation

Name and Principal Position

Year

($)

David E. Joseph, CEO, President

~~2007~~2009

none---

2008

none---

2010

none---

2009

none---

Michael B. Jackson, CFO, Vice President

2009

none---

Michael B. Jackson, CFO, Vice President

2007

none---

2010

none---

2008

none---

Clarence McCollum, Chairman, CEO*

2009

none---

2009

none---

2010

none---

The Company has no employment agreement with any of its officers and directors.

OUTSTANDING EQUITY AWARDS AT DECEMBER 31, ~~2009~~2010

Option Awards

Stock Awards

Name

Number of

Securities

Underlying

Unexercised

Options (#)

Exercisable

Number of

Securities

Underlying

Unexercised

Options (#)

Unexercisable

Equity

Incentive

Plan

Awards:

Number of

Securities

Underlying

Unexercised

Unearned

Options (#)

Option

Exercise

Price ($

Option

Expiration

Date

Number

of Stock

That

Have

Not

Vested

(#)

Market

Value

Stock

That

Have

Not

Vested

($)

Equity

Incentive

Plan

Awards:

Number

Unearned

Shares or

Other

Rights

That

Have Not

Vested

(#)

Equity

Incentive

Plan

Awards:

Market

or Payout

Value of

Unearned

Shares or

Other

Rights

That

Have

Note

Vested

($)

N/A

DIRECTOR COMPENSATION

Directors receive no compensation for serving on the Board.

The following table summarizes compensation paid to all of our non-employee directors:

Name

Fees

Earned

or Paid

Cash

($)

Stock

Awards

($)

Option

Awards

($)

Non-Equity

Incentive Plan

Compensation

($)

Change in

Pension Value

and

Nonqualified

Deferred

Compensation

Earnings ($)

All Other

Compensation

($)

Total

($)

N/A

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

The table below discloses any person (including any "group") who is known to the Registrant to be the beneficial owner of more than five (5%) percent of the Registrant's voting securities. ~~As of September 20, 2010, the Registrant had 473,341 shares of common stock issued.~~

Title of Class	Name and Address of Beneficial Owner	Amount and Nature of Beneficial Owner	Percent of Class
Common Stock	~~David~~C. EB. ~~Joseph~~McCollum, Chairman ~~23077~~and ~~Greenfield~~CEO ~~Road,~~18695 ~~Suite~~Oak ~~470~~Drive ~~Southfield~~Detroit, MI ~~48075~~48221	~~131~~7,~~800 shares~~500,000	2848.~~263~~57%
Common Stock	~~Michael~~Clarence ~~B. Jackson~~McCollum, ~~CFO, Vice~~ President ~~and~~1324 ~~Director~~Iron ~~900~~Forge ~~Bunche Street Dothan~~Forestville, ALMd. 20747	581,000 ~~shares~~,000	126.~~437~~3%
Common Stock	~~Charles~~Brian DK. ~~Davenport~~McCollum, ~~Esq.~~Chief ~~Director~~Operations ~~23077~~Officer ~~Greenfield~~14517 ~~Road,~~Hampshire ~~Suite~~Hall ~~470~~Court ~~Southfield~~Upper Marlboro, MIMd. ~~48075~~20772	841,500,000 ~~shares~~	189.~~013~~51%
Common Stock	~~Christopher~~James ~~B. Aldridge~~Jackson, ~~President,~~Manager ~~CEO~~J. ~~and~~David ~~Director 23077 Greenfield Road~~Ventures, ~~Suite 470 Southfield, MI 48075~~LLC	43750,~~400 shares~~000	947.~~307~~6%
Common Stock	~~William,~~All ~~Gregory,~~officers ~~Smith~~ and ~~Associates~~directors ~~4248~~as ~~Merck~~a ~~Road~~group ~~Wilson,~~(4 ~~NC 27893~~people)	4310,~~400 shares~~750,000	968.~~307~~20%
Common Stock	All officers and directors as a group (4 people)	317,200 shares	68.02%

(*) Beneficial ownership is determined in accordance with the rules of the SEC which generally attribute Beneficial ownership of securities to persons who possess sole or shared voting power and/or investment power with respect to those securities. Unless otherwise indicated, voting and investment power are exercised solely by the person named above or shared with members of such person’s household. This includes any shares such person has the right to acquire within 60 days.

(**) Percent of class is calculated on the basis of the number of shares outstanding on March 29, 2011 (15,763,341).

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

None.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Independent Public Accountants

The Registrant's Board of Directors has appointed Silberstein ~~Ungar~~Unger, PLLC as independent public accountant for the fiscal years ending December 31, ~~2009, 2008 and 2007~~2010.

Principal Accounting Fees

The following table presents the fees for professional audit services rendered by Silberstein ~~Ungar~~Unger, PLLC for the audit of the Registrant's annual financial statements for the years ended December 31, ~~2009,~~2010 ~~2008~~ and ~~2007,~~ 2009 and fees billed for other services rendered by Silberstein ~~Ungar~~Unger, PLLC, respectively during those periods.

Year Ended

~~Year Ended~~

December 31, 2009

December 31, 2008

December 31, 2007

December 31, 2010

December 31, 2009

Audit fees (1)

811,~~000~~100

78,~~900~~000

~~7,800~~

Audit-related fees (2)

N/A

~~N/A~~

Tax fees (3)

N/A

~~N/A~~

All other fees

N/A

~~4,500~~

(1) Audit fees consist of audit and review services, consents and review of documents filed with the SEC.
(2) Audit-related fees consist of assistance and discussion concerning financial accounting and reporting standards and other accounting issues.
(3) Tax fees consist of preparation of federal and state tax returns, review of quarterly estimated tax payments, and consultation concerning tax compliance issues.

~~Financial Statements~~EXERGETIC ENERGY, INC.

~~Index~~(FORMERLY SPECIALIZED SERVICES, INC.)

~~Report~~FINANCIAL of Independent Registered Public Accounting Firm Fiscal Year Ending 12/31/09 Balance sheet Statements of operations Statements of changes in stockholders' deficit Statements of cash flows Notes to the financial statements Quarter Ending 9/30/09 Balance sheet Statements of operations Statements of changes in stockholders' deficit Statements of cash flows Notes to the financial statements Quarter Ending 6/30/09 Balance sheet Statements of operations Statements of changes in stockholders' deficit Statements of cash flows Notes to the financial statements Quarter Ending 3/031/09 Balance sheet Statements of operations Statements of changes in stockholders' deficit Statements of cash flows Notes to the financial statements Fiscal Year Ending 12/31/08 Balance sheet Statements of operations Statements of changes in stockholders' deficit Statements of cash flows Notes to the financial statements Quarter Ending 9/30/08 Balance sheet Statements of operations Statements of changes in stockholders' deficit Statements of cash flows Notes to the financial statementsSTATEMENTS

DECEMBER 31, 2010

~~Quarter~~EXERGETIC ~~Ending~~ENERGY, 6/30/08 Balance sheet Statements of operations Statements of changes in stockholders' deficit Statements of cash flows Notes to the financial statements Quarter Ending 3/031/08 Balance sheet Statements of operations Statements of changes in stockholders' deficit Statements of cash flows Notes to the financial statements Fiscal Year Ending 12/31/07 Balance sheet Statements of operations Statements of changes in stockholders' deficit Statements of cash flows Notes to the financial statementsINC.

18(FORMERLY SPECIALIZED SERVICES, INC.)

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors

Specialized Services, Inc.

Southfield, Michigan

Board of Directors Pre-Approval Process, Policies and Procedures

Our principal auditors have performed their audit procedures in accordance with pre-approved policies and procedures established by our Board of Directors. Our principal auditors have informed our Board of Directors of the scope and nature of each service provided. With respect to the provisions of services other than audit, review, or attest services, our principal accountants brought such services to the attention of our Board of Directors prior to commencing such services.

PART IV

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

Regulation Number		Exhibit
3.1		Certificate of Incorporation, as amended (1)
3.2		Certificate of Amendment (2)
3.3		Bylaws (1)
23.1		Consent of Silberstein Ungar, PLLC
31.1		Rule 13a-14(a) Certification of Chief Executive Officer and Chief Financial Officer
32.1		Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of Chief Executive Officer and Chief Financial Officer

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SPECIALIZED SERVICES, INC.
Dated: October 7, 2010	By:	/s/ Christopher B. Aldridge
		Chief Executive Officer and Chairman of the Board (Principal Executive Officer and Principal Financial Officer)
Dated: October 7, 2010	By:	/s/ Michael B. Jackson, CFO
		Principal Accounting Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.

/s/ Christopher B. Aldridge, CEO, President		/s/ Michael B. Jackson, CFO
(Principal Executive Officer)		(Principal Financial Officer)
Dated: October 7, 2010		Dated: October ___, 2010

SPECIALIZED SERVICES, INC.

FINANCIAL STATEMENTS

DECEMBER 31, ~~2007~~2010

SPECIALIZED SERVICES, INC.

FINANCIAL STATEMENTS

DECEMBER 31, 2007

TABLE OF CONTENTS

Report of Independent Registered Public Accounting Firm	F-1
Balance Sheets at December 31, 2007 and 2006	F-2
Balance Sheets at December 31, 2010 and 2009	F-2
Statements of Operations for the Years Ended
December 31, 2007 and 2006	F-3
December 31, 2010 and 2009	F-3
Statement of Stockholders’ Deficit as of December 31, 2007	F-4
Statement of Stockholders’ Deficit as of December 31, 2010	F-4
Statements of Cash Flows for the Years Ended
December 31, 2007 and 2006	F-5
December 31, 2010 and 2009	F-5
Notes to the Financial Statements	F-6 – F-910

~~Silberstein Ungar, PLLC CPAs and Business Advisors~~18

Silberstein Ungar, PLLC CPAs and Business Advisors

Phone (248) 203-0080

Fax (248) 281-0940

30600 Telegraph Road, Suite 2175

Bingham Farms, MI 48025-4586

www.sucpas.com

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors

Exergetic Energy, Inc. (formerly Specialized Services, Inc.)

Southfield, Michigan

We have audited the accompanying balance sheets of Exergetic Energy, Inc. (formerly Specialized Services, Inc.), as of December 31, ~~2007~~2010 and ~~2006~~2009, and the related statements of operations, stockholders’ deficit, and cash flows for the years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company has determined that it is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Exergetic Energy, Inc. (formerly Specialized Services, Inc.), as of December 31, ~~2007~~2010 and ~~2006~~2009 and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

~~/s/~~The ~~Silberstein~~accompanying ~~Ungar~~financial statements have been prepared assuming that Exergetic Energy, ~~PLLC~~Inc. ~~Silberstein~~(formerly ~~Ungar~~Specialized Services, ~~PLLC~~Inc.) will continue as a going concern. As discussed in Note 11 to the financial statements, the Company has incurred losses from operations, has negative working capital, and is in need of additional capital to grow its operations so that it can become profitable. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans with regard to these matters are described in Note 11. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ Silberstein Ungar, PLLC

Silberstein Ungar, PLLC

Bingham Farms, Michigan

~~October 18~~April 12, ~~2010~~2011

F-1

~~SPECIALIZED SERVICES~~EXERGETIC ENERGY, INC.

(FORMERLY SPECIALIZED SERVICES, INC.)

BALANCE SHEETS

AS OF DECEMBER 31, ~~2007~~2010 AND ~~2006~~2009

	2007			2006
ASSETS	2010			2009
ASSETS
Current Assets
Cash and cash equivalents	$	71,~~679~~304		$	47,~~523~~314
Accounts receivable		~~10,811~~0			2177,~~925~~440
Prepaid interest		~~107~~14,~~256~~113			035,483
Total Current Assets		~~125~~15,~~746~~417			26120,~~448~~237
PROPERTY AND EQUIPMENT, net		163,948			0
Property and equipment, net		0			92,548
Other Assets
TOTAL ASSETS	$	15,417		$	212,785
Deposits		5,709			4,395
TOTAL ASSETS	$	295,403		$	30,843
LIABILITIES AND STOCKHOLDERS’ DEFICIT
LIABILITIES
Current Liabilities
Accounts payable	$	58,~~919~~107		$	027,818
Accrued expenses and taxes		147,692			25,068
Accrued expenses		200,374			202,357
Leases payable – current portion		57,921			0
Accrued interest		4,603			0
Loan payable – related party		5,550			10,550
Due to shareholder		5,000			2,200
Line of credit		54,803			49,083
Leases payable – current portion		218,221			160,300
Total Current Liabilities		271,885			84,701
Loan payable – related party		5,768			5,768
Line of credit		52,294			52,294
Total Current Liabilities		494,367			450,737
Long-Term Liabilities
Leases payable		~~213~~48,~~060~~632			0106,553
TOTAL LIABILITIES		484,945			84,701
Total Liabilities		542,999			557,290
STOCKHOLDERS’ DEFICIT
Capital stock, $0.0001 par value, 100,000,000 shares authorized, 3,856,700 and 2,999,800 shares issued and outstanding		386			3,000
Capital stock, $0.005 par value, 100,000,000 shares authorized, 473,341 shares issued and outstanding		47			47
Additional paid in capital		~~388~~408,~~207~~872			24408,~~048~~872
Accumulated deficit		(~~578~~936,~~135~~501	)		(80753,~~906~~424	)
Total Stockholders’ Deficit		(~~189~~527,~~542~~582	)		(53344,~~858~~505	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	~~295~~15,~~403~~417		$	30212,~~843~~785

The accompanying notes are an integral part of the financial statements

F-2

~~SPECIALIZED SERVICES~~EXERGETIC ENERGY, INC.

(FORMERLY SPECIALIZED SERVICES, INC.)

STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED DECEMBER 31, ~~2007~~2010 ~~and~~AND ~~2006~~2009

	2007			2006 (Restated)
	2010			2009
NET REVENUE	$	3522,~~294~~298		$	~~116~~68,~~971~~494
OPERATING EXPENSES		~~608~~93,~~550~~182			~~167~~122,~~016~~570
LOSS FROM OPERATIONS		(~~573~~70,~~256~~884	)		(5054,~~045~~076	)
OTHER INCOME (EXPENSE)		~~69,727~~			~~31,374~~
LOSS PRIOR TO PROVISION FOR INCOME TAXES		(503,529	)		(18,671	)
Rebates		956			35
PROVISION (BENEFIT) FOR INCOME TAXES		6,300			(6,300	)
Forgiveness of debt		9,877			0
NET LOSS	$	(497,229	)	$	(12,371	)
Commissions		1,598			0
WEIGHTED AVERAGE NUMBERS OF SHARES OUTSTANDING: BASIC AND DILUTED		3,082,978			2,908,841
Loss on disposal of assets		(56,848	)		0
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.16	)	$	(0.00	)
Bad debt expense		(67,776	)		0
TOTAL OTHER INCOME (EXPENSE)		(112,193	)		35
LOSS PRIOR TO PROVISION FOR INCOME TAXES		(183,077	)		(54,041	)
PROVISION (BENEFIT) FOR INCOME TAXES		0			0
NET LOSS	$	(183,077	)	$	(54,041	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		473,341			473,341
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.39	)	$	(0.11	)

The accompanying notes are an integral part of the financial statements

F-3

~~SPECIALIZED SERVICES~~EXERGETIC ENERGY, INC.

(FORMERLY SPECIALIZED SERVICES, INC.)

STATEMENT OF STOCKHOLDERS’ DEFICIT

AS OF DECEMBER 31, ~~2007~~2010

	Common Stock					Additional Paid in		Accumulated
	Shares		Amount			Capital		Deficit			Total
Beginning balance, January 1, 2005		900,000	$	3,000		$	21,948	$	(72,879	)	$	(45,931	)
Balance, December 31, 2008		473,341	$	47		$	408,872	$	(699,383	)	$	(290,464	)
Adjustment for stock split		-		(2,100	)		2,100		-			-
Net loss for the year ended December 31, 2009		-		-			-		(54,041	)		(54,041	)
Shares issued		1,299,800		1,300			-		-			1,300
Balance, December 31, 2009		473,341		47			408,872		(753,424	)		(344,505	)
Distribution to shareholders		-		-			-		(2,000	)		(2,000	)
Net loss for the year ended December 31, 2010		-		-			-		(183,077	)		(183,077	)
Net income for the year ended December 31, 2005		-		-			-		6,344			6,344
Balance, December 31, 2010		473,341	$	47		$	408,872	$	(936,501	)	$	(527,582	)
Balance, December 31, 2005		2,199,800		2,200			24,048		(68,535	)		(42,287	)
Shares issued		800,000		800			-		-			800
Net loss for the year ended December 31, 2006		-		-			-		(12,371	)		(12,371	)
Balance, December 31, 2006		2,999,800		3,000			24,048		(80,906	)		(53,858	)
Shares issued		856,900		857			360,688		-			361,545
Stock split, 1 to 10		-		(3,471	)		3,471		-			0
Net loss for the year ended December 31, 2007		-		-			-		(497,229	)		(497,229	)
Balance, December 31, 2007		3,856,700	$	386		$	388,207	$	(578,135	)	$	(189,542	)

The accompanying notes are an integral part of the financial statements

F-4

~~SPECIALIZED SERVICES~~EXERGETIC ENERGY, INC.

(FORMERLY SPECIALIZED SERVICES, INC.)

STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, ~~2007~~2010 ~~and~~AND ~~2006~~2009

	2007			2006
	2010			2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss for the year	$	(~~497~~183,~~229~~077	)	$	(1254,~~371~~041	)
Adjustments to reconcile net (loss) to cash provided by operating activities:
Depreciation and amortization		3057,~~277~~070			~~163~~66,748
Common stock issued for services		193,045
Bad debt expense		67,776			0
Loss on disposal of assets		56,848			0
Forgiveness of debt		(9,877	)		0
Changes in assets and liabilities:
Decrease in accounts receivable		11,114			9,484
(Increase) decrease in accounts receivable		9,664			(605	)
(Increase) decrease in deferred taxes		6,300			(6,300	)
Increase (decrease) in account payable		(9,834	)		(668	)
(Increase) in security deposits		(1,314	)		0
Increase (decrease) in accrued expenses		(1,983	)		(3,700	)
Increase in account payable		5,919			0
Increase in accrued interest		4,603			0
Increase (decrease) in accrued expenses and taxes		122,624			(6,001	)
Increase in due to shareholder		2,800			2,200
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		(129,264	)		(15,025	)
Net Cash Provided by (Used in) Operating Activities		(6,010	)		9,934
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock		0			800
Payment on line of credit		0			(6,499	)
Borrowings from line of credit		5,000			13,461
Repayment of loan payable – related party		0			(1,000	)
Repayment of loan payable – related party		(5,000	)		0
Borrowings from loan payable – related party		0			1,218
Net proceeds received on sale – leaseback of equipment		149,180			0
Payments on leases payable		0			0
Payments on leases payable		(16,760	)		0
Net Cash Used in Financing Activities		(0	)		(6,281	)
NET CASH PROVIDED BY FINANCING ACTIVITIES		132,420			14,261
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(6,010	)		3,653
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		3,156			(764	)
CASH AND CASH EQUIVALENTS – BEGINNING		7,314			3,661
CASH AND CASH EQUIVALENTS – BEGINNING		4,523			5,287
CASH AND CASH EQUIVALENTS – ENDING	$	1,304		$	7,314
CASH AND CASH EQUIVALENTS – ENDING	$	7,679		$	4,523
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$	~~12,417~~0		$	42,~~526~~477
Cash paid for income taxes	$	0		$	0
SUPPLEMENTAL NON-CASH TRANSACTIONS:
Property and equipment acquired with capital leases	$	178,500		$	0
Stock issued in connection with sale – leaseback of equipment	$	168,500		$	0
Leases payable recorded in connection with sale – leaseback of equipment	$	289,607		$	0
Prepaid interest recorded in connection with sale – leaseback of equipment	$	122,981		$	0

The accompanying notes are an integral part of the financial statements

F-5

~~SPECIALIZED SERVICES~~EXERGETIC ENERGY, INC.

(FORMERLY SPECIALIZED SERVICES, INC.)

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, ~~2007~~2010

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business

Specialized Services, Inc. (“the ” Company” or “SSI”) was incorporated in Michigan in January, 1988. The Company aggregates (bundles) fuel products and services, and delivers these products and services to customers in a way that reduces the customers’ costs. In addition the Company has a competitive local exchange carrier license to provide telecommunications services to companies.

On October 5, 2005, the Company entered into an Agreement and Plan of Merger with and into Fifth Avenue Acquisition II Corp., a public shell company, with an effective date of October 6, 2005. The Company is the successor reporting company.

In 2010, SSI merged with Exergetic Energy, Inc. and changed its name to Exergetic Energy, Inc, pursuant to a Final Definitive Agreement dated December 3, 2010. Exergetic Energy, Inc., (“Exergetic”) was founded on May 27, 2010 as a Michigan corporation, and was created to improve upon and expand the various energy options/resources available for prospective customers.

Basis of Accounting

The Company uses the accrual basis of accounting for financial statement reporting. Accordingly, revenues are recognized when products are delivered and services are rendered, and expenses are recognized when the obligation is incurred. The reported net revenues figure represents the total amount of fuel and telecommunications products and services that were purchased from the Company during the year by its customers, net of the Company’s cost of sales, as required under ~~EITF 99-19 (~~ASC 605-45). See Note 10.

Cash and Cash Equivalents

The Company considers certificates of deposit and other highly liquid investments with original maturities of three months or less to be cash equivalents.

Property and Equipment

Property and equipment are recorded at cost. Depreciation expense is computed using straight-line methods over the estimated useful life of each asset. See Note 2.

Fair Value of Financial Instruments

The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, prepaid interest, accounts payable, accrued expenses, accrued interest, due to shareholder, leases payable, loan payable – related party and a line of credit. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Income Taxes

The Company, with the consent of its stockholders, had elected to be taxed as an S Corporation under the provisions of the Internal Revenue Code for periods prior to 2005. Instead of paying federal corporate income taxes, the stockholders of an S Corporation are taxed individually on their proportionate share of the Company’s taxable income.

In 2005, the Company revoked its S-election and began paying tax as a C-corporation. Income taxes are accounted for under the assets and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. See Note 5 8.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Income Per Share

Income per share has been calculated based on the weighted average number of shares of common stock outstanding during the period.

F-6

~~SPECIALIZED SERVICES~~EXERGETIC ENERGY, INC.

(FORMERLY SPECIALIZED SERVICES, INC.)

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, ~~2007~~2010

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Concentrations of Credit Risk

The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.

In addition, the Company extends credit to customers in the normal course of business. The Company monitors the account receivable balances and does not expect significant collection problems.

NOTE 2 – PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at December 31, 2007 and 2006:

	2007			2006
Machinery and equipment	$	365,402		$	186,902
Furniture and fixtures		25,793			25,793
Transportation equipment		21,494			21,494
Subtotal		412,689			234,189
Less: Accumulated depreciation		(248,741	)		(234,189	)
Property and equipment, net	$	163,948		$	0

NOTE 3 – LOANS PAYABLE – RELATED PARTIES

Loans payable to related parties are due to officers for funds advanced to the Company for working capital and are non-interest bearing and due upon demand.

NOTE 4 – LINE OF CREDIT PAYABLE

The Company has a $100,000 unsecured line of credit available with First Place Bank, which is payable upon demand. The officers personally guarantee borrowings under this line of credit. At December 31, 2007 and 2006, $54,083 and $49,083, respectively, was owed under this line of credit. Interest rates fluctuate based on the prime rate plus 3.25%. The rates in effect at December 31, 2007 and 2006 were 10.5% and 11.5%, respectively.

NOTE 5 – INCOME TAXES

For the period ended December 31, 2007, the Company has incurred net losses and, therefore, has no tax liability. The net operating loss carry-forward is approximately $196,500 at December 31, 2007, can be carried forward and applied against future taxable income and used to reduce income taxes owed, and will expire in various amounts through the year 2027.

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

	December 31, 2007
Deferred tax asset attributable to:
Net operating loss carryover	$	196,500
Less: valuation allowance		(196,500	)
Net deferred tax asset	$	-

F-7

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, 2007

NOTE 6 – CAPITAL STOCK

In May 2005, the Company changed its corporate bylaws to authorize 100,000,000 shares of common stock at a par value of $.0001 and 10,000,000 shares of preferred stock at a par value of $.001. The Company also approved a 3000:1 split for existing common shareholders.

In June 2005, the Company created an employee incentive plan and issued 900,000 common shares to the plan. The Company also issued 9,000,000 shares to a company that will be providing services to it.

In August 2005, the Company issued 2,000,000 common shares to three entities that provide services to the Company.

In October 2005, the Company entered into a merger agreement with Fifth Avenue Acquisition II, Inc. and issued 366,000 common shares to each of the three principals of that entity.

In January 2006, the Company issued 4,000,000 common shares to an individual for services to be rendered.

In February 2006, the Company issued 4,000,000 common shares to an entity for services to be rendered.

During the year ended December 31, 2007, the Company issued 8,569,000 shares of common stock for services and in connection with the sale-leaseback of equipment. The total value of the shares issued for the services was $193,045. The value of the shares issued in connection with the sale-leaseback of equipment was $168,500.

On October 8, 2007, the Company approved a 1 to 10 reverse stock split. Shares outstanding, average weighted shares outstanding, and loss per share have been adjusted to reflect this split.

There were 3,856,700 shares of common stock outstanding as December 31, 2007.

There were no preferred shares issued and outstanding at December 31, 2007 and 2006.

NOTE 7 – OPERATING LEASE

The company rents its operating facilities under a 5 year operating lease dated October 1, 2003. The future minimum rental payments due under this lease were as follows at December 31, 2007:

December 31, 2008		$	39,552
Total		$	39,552

NOTE 8 – CAPITAL LEASES

The Company sold and leased back equipment during the year ended December 31, 2007. The Company entered into five capital lease agreements. All of the leases are for a term of 60 months with varying interest rates. The entire amount of interest due over the term of the leases has been capitalized as prepaid interest and is being amortized over the lease term. The future minimum rental payments due under this lease were as follows at December 31, 2007:

December 31, 2008	$	57,921
2009		57,921
2010		57,921
2011		57,921
2012		38,615
Total	$	270,299

F-8

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, 2007

NOTE 9 – RECENT ACCOUNTING PRONOUNCEMENTS

In May 2009, the FASB issued SFAS 165 (ASC 855-10) entitled “Subsequent Events”. Companies are now required to disclose the date through which subsequent events have been evaluated by management. Public entities (as defined) must conduct the evaluation as of the date the financial statements are issued, and provide disclosure that such date was used for this evaluation. SFAS 165 (ASC 855-10) provides that financial statements are considered “issued” when they are widely distributed for general use and reliance in a form and format that complies with GAAP. SFAS 165 (ASC 855-10) is effective for interim and annual periods ending after June 15, 2009 and must be applied prospectively.

In June 2009, the FASB issued SFAS 168, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles. (“SFAS 168” or ASC 105-10) SFAS 168 (ASC 105-10) establishes the Codification as the sole source of authoritative accounting principles recognized by the FASB to be applied by all nongovernmental entities in the preparation of financial statements in conformity with GAAP. SFAS 168 (ASC 105-10) was prospectively effective for financial statements issued for fiscal years ending on or after September 15, 2009 and interim periods within those fiscal years. The adoption of SFAS 168 (ASC 105-10) on July 1, 2009 did not impact the Company’s results of operations or financial condition. The Codification did not change GAAP, however, it did change the way GAAP is organized and presented.

As a result, these changes impact how companies reference GAAP in their financial statements and in their significant accounting policies. The Company implemented the Codification in this Report by providing references to the Codification topics alongside references to the corresponding standards.

With the exception of the pronouncements noted above, no other accounting standards or interpretations issued or recently adopted are expected to have a material impact on the Company’s financial position, operations or cash flows.

NOTE 10 – RESTATEMENT

In its 2006 Statement of Operations, the Company presented its gross revenues and direct costs, rather than presenting them on a net basis as required by EITF 99-19 (ASC 605-45). The Company has restated its 2006 revenues in these financial statements to present them on a net basis, as follows:

	As Previously Stated		As Restated		Effect of Restatement
Gross Billings	$	20,092,577		-	$	(20,092,577	)
Direct Costs	$	19,975,606		-	$	(19,975,606	)
Net Revenues	$	116,971	$	116,971	$	0

NOTE 11 – NET REVENUE

Net Revenue for 2007 of $35,294 was comprised of gross billings of $15,104,770 less direct costs of $15,069,476. Net revenue for 2006 of $116,971 was comprised of gross billings of $20,092,577 less direct costs of $19,975,606.

NOTE 12 – SUBSEQUENT EVENTS

On January 16, 2010, the Company and certain of its controlling shareholders entered into an Agreement and Plan of Merger with Joule Energy, LLC. The Merger is expected to close during the first quarter of 2011.

The Company has analyzed its operations subsequent to December 31, 2007 to October 18, 2010, the date these financial statements were issued, and has determined that it does not have any other material subsequent events to disclose in these financial statements.

F-9

SPECIALIZED SERVICES, INC.

FINANCIAL STATEMENTS

DECEMBER 31, 2008

SPECIALIZED SERVICES, INC.

FINANCIAL STATEMENTS

DECEMBER 31, 2008

TABLE OF CONTENTS

Report of Independent Registered Public Accounting Firm	F-1
Balance Sheets at December 31, 2008 and 2007	F-2
Statements of Operations for the Years Ended
December 31, 2008 and 2007	F-3
Statement of Stockholders’ Deficit as of December 31, 2008	F-4
Statements of Cash Flows for the Years Ended
December 31, 2008 and 2007	F-5
Notes to the Financial Statements	F-6 – F-9

Silberstein Ungar, PLLC CPAs and Business Advisors

Phone (248) 203-0080

Fax (248) 281-0940

30600 Telegraph Road, Suite 2175

Bingham Farms, MI 48025-4586

www.sucpas.com

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors

Specialized Services, Inc.

Southfield, Michigan

We have audited the accompanying balance sheets of Specialized Services, Inc., as of December 31, 2008 and 2007, and the related statements of operations, stockholders’ deficit, and cash flows for the years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Specialized Services, Inc., as of December 31, 2008 and 2007 and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

/s/ Silberstein Ungar, PLLC Silberstein Ungar, PLLC Bingham Farms, Michigan October 18, 2010

F-1

SPECIALIZED SERVICES, INC.

BALANCE SHEETS

AS OF DECEMBER 31, 2008 AND 2007

	2008			2007
ASSETS
Current Assets
Cash and cash equivalents	$	3,661		$	7,679
Accounts receivable		76,835			10,811
Prepaid interest		66,531			107,256
Total Current Assets		147,027			125,746
PROPERTY AND EQUIPMENT, net		128,248			163,948
Other Assets
Deposits		0			5,709
TOTAL ASSETS	$	275,275		$	295,403
LIABILITIES AND STOCKHOLDERS’ DEFICIT
LIABILITIES
Current Liabilities
Accounts payable	$	28,486		$	5,919
Accrued expenses and taxes		206,057			147,692
Leases payable – current portion		102,060			57,921
Loan payable – related party		5,550			5,550
Line of credit		58,793			54,803
Total Current Liabilities		400,946			271,885
Long-Term Liabilities
Leases payable		164,793			213,060
TOTAL LIABILITIES		565,739			484,945
STOCKHOLDERS’ DEFICIT
Capital stock, $0.005 par value, 100,000,000 shares authorized, 473,341 and 77,134 shares issued and outstanding as of December 31, 2009 and 2008, respectively		47			386
Additional paid in capital		408,872			388,207
Accumulated deficit		(699,383	)		(578,135	)
Total Stockholders’ Deficit		(290,464	)		(189,542	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	275,275		$	295,403

The accompanying notes are an integral part of the financial statements

F-2

SPECIALIZED SERVICES, INC.

STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007

	2008			2007
NET REVENUE	$	145,720		$	35,294
OPERATING EXPENSES		277,988			608,550
LOSS FROM OPERATIONS		(132,268	)		(573,256	)
OTHER INCOME (EXPENSE)		11,020			69,727
LOSS PRIOR TO PROVISION FOR INCOME TAXES		(121,248	)		(503,529	)
PROVISION (BENEFIT) FOR INCOME TAXES		0			6,300
NET LOSS	$	(121,248	)	$	(497,229	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		108,564			61,660
NET LOSS PER SHARE: BASIC AND DILUTED	$	(1.12	)	$	(8.06	)

The accompanying notes are an integral part of the financial statements

F-3

SPECIALIZED SERVICES, INC.

STATEMENT OF STOCKHOLDERS’ DEFICIT

AS OF DECEMBER 31, 2008

	Common Stock						Additional Paid in		Accumulated
	Shares			Amount			Capital		Deficit			Total
Beginning balance, January 1, 2005		18,000		$	3,000		$	21,948	$	(72,879	)	$	(45,931	)
Adjustment for stock split		-			(2,100	)		2,100		-			-
Shares issued		25,996			1,300			-		-			1,300
Distribution to shareholders		-			-			-		(2,000	)		(2,000	)
Net income for the year ended December 31, 2005		-			-			-		6,344			6,344
Balance, December 31, 2005		43,996			2,200			24,048		(68,535	)		(42,287	)
Shares issued		16,000			800			-		-			800
Net loss for the year ended December 31, 2006		-			-			-		(12,371	)		(12,371	)
Balance, December 31, 2006		59,996			3,000			24,048		(80,906	)		(53,858	)
Shares issued		17,138			857			360,688		-			361,545
Stock split 1 to 10		-			(3,471	)		3,471		-			0
Net loss for the year ended December 31, 2007		-			-			-		(497,229	)		(497,229	)
Balance, December 31, 2007		77,134			386			388,207		(578,135	)		(189,542	)
Shares issued for services		400,800			2,004			18,322		-			20,326
Stock split, 1 to 50		-			(2,342	)		2,342		-			-
Outstanding share correction		(4,593	)		(1	)		1		-			-
Net loss for the year ended December 31, 2008		-			-			-		(121,248	)		(121,248	)
Balance, December 31, 2008		473,341		$	47		$	408,872	$	(699,383	)	$	(290,464	)

The accompanying notes are an integral part of the financial statements

F-4

SPECIALIZED SERVICES, INC.

STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007

	2008			2007
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss for the year	$	(121,248	)	$	(497,229	)
Adjustments to reconcile net (loss) to cash provided by operating activities:
Depreciation and amortization		76,425			30,277
Common stock issued for services		20,326			193,045
Changes in assets and liabilities:
(Increase) decrease in accounts receivable		(66,024	)		11,114
(Increase) decrease in deferred taxes		0			6,300
(Increase) decrease in security deposits		5,709			(1,314	)
Increase in account payable		22,567			5,919
Increase (decrease) in accrued expenses and taxes		58,365			122,624
NET CASH USED IN OPERATING ACTIVITIES		(3,880	)		(129,264	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from line of credit		8,883			5,000
Payment on line of credit		(4,893	)		0
Repayment of loan payable – related party		0			(5,000	)
Net proceeds received on sale – leaseback of equipment		0			149,180
Payments on leases payable		(4,128	)		(16,760	)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		(138	)		132,420
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(4,018	)		3,156
CASH AND CASH EQUIVALENTS – BEGINNING		7,679			4,523
CASH AND CASH EQUIVALENTS – ENDING	$	3,661		$	7,679
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$	5,438		$	12,417
Cash paid for income taxes	$	0		$	0
SUPPLEMENTAL NON-CASH TRANSACTIONS:
Property and equipment acquired with capital leases	$	0		$	178,500
Stock issued in connection with sale – leaseback of equipment	$	0		$	168,500
Leases payable recorded in connection with sale – leaseback of equipment	$	0		$	289,607
Prepaid interest recorded in connection with sale – leaseback of equipment	$	0		$	122,981

The accompanying notes are an integral part of the financial statements

F-5

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, 2008

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business

Specialized Services, Inc. (“the Company”) was incorporated in Michigan in January, 1988. The Company aggregates (bundles) fuel products and services, and delivers these products and services to customers in a way that reduces the customers’ costs. In addition the Company has a competitive local exchange carrier license to provide telecommunications services to companies.

Basis of Accounting

Cash and Cash Equivalents

The Company considers certificates of deposit and other highly liquid investments with original maturities of three months or less to be cash equivalents.

Property and Equipment

Property and equipment are recorded at cost. Depreciation expense is computed using straight-line methods over the estimated useful life of each asset. See Note 2.

Fair Value of Financial Instruments

The Company’s financial instruments consist of cash and cash equivalents. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Income Taxes

Use of Estimates

Loss Per Share

Loss per share has been calculated based on the weighted average number of shares of common stock outstanding during the period. See Note 6 7.

F-6

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, 2008

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Concentrations of Credit Risk

In addition, the Company extends credit to customers in the normal course of business. The Company monitors the account receivable balances and does not expect significant collection problems.

Recent Accounting Pronouncements

NOTE 2 – PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at December 31, 2008 and 2007:

	2008			2007
Machinery and equipment	$	365,402		$	365,402
Furniture and fixtures		25,793			25,793
Transportation equipment		21,494			21,494
Subtotal		412,689			412,689
Less: Accumulated depreciation		(284,441	)		(248,741	)
Property and equipment, net	$	128,248		$	163,948

NOTE 3 – LOANS PAYABLE – RELATED PARTIES

Loans payable to related parties are due to officers for funds advanced to the Company for working capital and are non-interest bearing and due upon demand.

F-7

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, 2008

NOTE 4 – LINE OF CREDIT PAYABLE

The Company has a $100,000 unsecured line of credit available with First Place Bank, which is payable upon demand. The officers personally guarantee borrowings under this line of credit. At December 31, 2008 and 2007, $58,793 and $54,083, respectively, was owed under this line of credit. Interest rates fluctuate based on the prime rate plus 3.25%. The rates in effect at December 31, 2008 and 2007 were 6.5% and 10.5%, respectively.

NOTE 5 – INCOME TAXES

For the period ended December 31, 2008, the Company has incurred net losses and, therefore, has no tax liability. The net operating loss carry-forward is approximately $700,000 at December 31, 2008, can be carried forward and applied against future taxable income and used to reduce income taxes owed, and will expire in various amounts through the year 2028.

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

	December 31, 2008
Deferred tax asset attributable to:
Net operating loss carryover	$	238,000
Less: valuation allowance		(238,000	)
Net deferred tax asset	$	-

NOTE 6 – CAPITAL STOCK

On October 8, 2007, the Company approved a 1 to 10 reverse stock split. Shares outstanding, average weighted shares outstanding, and loss per share have been adjusted to reflect this split.

During the year ended December 31, 2008, there were 20,040,000 shares of common stock issued for services valued at $20,326.

On December 20, 2008 the Company executed a 1 to 50 stock split. Shares outstanding, average weighted shares outstanding, and loss per share have been adjusted to reflect this split.

There were 473,341 shares of common stock outstanding as December 31, 2008.

There were no preferred shares issued and outstanding at December 31, 2008.

NOTE 7 – OPERATING LEASE

The company rented its operating facilities under a 5 year operating lease dated October 1, 2003. The Company moved out of the facility as of October 2008. Subsequently, the Company neither owns nor leases any real property as of December 31, 2008. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.

F-8

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, 2008

NOTE 8 – CAPITAL LEASES

December 31, 2009	$	102,060
2010		57,921
2011		57,921
2012		48,951
Total	$	266,853

NOTE 9 – NET REVENUE

Net Revenue for 2008 of $145,720 was comprised of gross billings of $10,547,202 less direct costs of $10,401,482. Net Revenue for 2007 of $35,294 was comprised of gross billings of $15,104,770 less direct costs of $15,069,476.

NOTE 10 – SUBSEQUENT EVENTS

The Company has analyzed its operations subsequent to December 31, 2008 to October 18, 2010, the date these financial statements were issued, and has determined that it does not have any other material subsequent events to disclose in these financial statements.

F-9

SPECIALIZED SERVICES, INC.

BALANCE SHEETS

AS OF MARCH 31, 2008 (UNAUDITED) AND DECEMBER 31, 2007 (AUDITED)

	March 31, 2008 (Unaudited)			December 31, 2007 (Audited)
ASSETS
Current Assets
Cash	$	4,839		$	7,679
Accounts receivable, net		71,783			10,811
Prepaid interest		96,167			107,256
Total Current Assets		172,789			125,746
Property and Equipment, Net		155,023			163,948
Other Assets
Deposits		5,709			5,709
TOTAL ASSETS	$	333,521		$	295,403
LIABILITIES AND STOCKHOLDERS’ DEFICIT
LIABILITIES
Current Liabilities
Accounts payable	$	7,651		$	5,919
Accrued expenses and taxes		184,816			147,692
Leases payable – current portion		59,652			57,921
Loans payable – related party		5,550			5,550
Line of credit		63,660			54,803
Total Current Liabilities		321,329			271,885
Long – Term Liabilities
Leases payable		208,233			213,060
Total Liabilities		529,562			484,945
STOCKHOLDERS’ DEFICIT
Common Stock – $.0001 par value, 100,000,000 shares authorized; 23,896,700 and 3,856,700 shares issued and outstanding		2,390			386
Additional paid-in capital		406,529			388,207
Accumulated deficit		(604,960	)		(578,135	)
Total Stockholders’ Deficit		(196,041	)		(189,542	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	333,521		$	295,403

The accompanying notes are an integral part of the financial statements.

F-1

SPECIALIZED SERVICES, INC.

STATEMENTS OF OPERATIONS (UNAUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2008 AND 2007

	Three months ended March 31, 2008			Three months ended March 31, 2007 (Restated)
NET REVENUES	$	76,285		$	24,033
OPERATING EXPENSES		114,125			78,371
LOSS FROM OPERATIONS		(37,840	)		(54,338	)
OTHER INCOME (EXPENSE)		11,015			4,549
NET LOSS BEFORE INCOME TAXES		(26,825	)		(49,789	)
PROVISION FOR INCOME TAXES (BENEFIT)		0			(14,200	)
NET LOSS	$	(26,825	)	$	(35,589	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		6,499,337			3,058,467
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.01	)

The accompanying notes are an integral part of the financial statements.

F-2

SPECIALIZED SERVICES, INC.

STATEMENT OF STOCKHOLDERS’ DEFICIT (UNAUDITED)

AS OF MARCH 31, 2008

	Common Stock					Additional Paid in		Accumulated
	Shares		Amount			Capital		Deficit			Total
Beginning balance, January 1, 2005		900,000	$	3,000		$	21,948	$	(72,879	)	$	(45,931	)
Adjustment for stock split		-		(2,100	)		2,100		-			-
Shares issued		1,299,800		1,300			-		-			1,300
Distribution to shareholders		-		-			-		(2,000	)		(2,000	)
Net income for the year ended December 31, 2005		-		-			-		6,344			6,344
Balance, December 31, 2005		2,199,800		2,200			24,048		(68,535	)		(42,287	)
Shares issued		800,000		800			-		-			800
Net loss for the year ended December 31, 2006		-		-			-		(12,371	)		(12,371	)
Balance, December 31, 2006		2,999,800		3,000			24,048		(80,906	)		(53,858	)
Shares issued		856,900		857			360,688		-			361,545
Stock split, 1 to 10		-		(3,471	)		3,471		-			0
Net loss for the year ended December 31, 2007		-		-			-		(497,229	)		(497,229	)
Balance, December 31, 2007		3,856,700		386			388,207		(578,135	)		(189,542	)
Shares issued for services		20,040,000		2,004			18,322		-			20,326
Net loss for the three months ended March 31, 2008		-		-			-		(26,825	)		(26,835	)
Balance, March 31, 2008		23,896,700	$	2,390		$	406,529	$	(604,960	)	$	(196,041	)

The accompanying notes are an integral part of the financial statements.

F-3

SPECIALIZED SERVICES, INC.

STATEMENTS OF CASH FLOWS (UNAUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2008 AND 2007

	Three months ended March 31, 2008			Three months ended March 31, 2007
Cash Flows from Operating Activities:
Net loss for the period		(26,825	)		(35,589	)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:
Depreciation and amortization		20,014			0
Stock issued for services		20,326			11,000
Changes in Assets and Liabilities
(Increase) decrease in accounts receivable		(60,972	)		586
(Increase) in deferred taxes		0			(14,200	)
Increase in accounts payable		1,732			0
Increase in accrued expenses and taxes		37,124			44,141
Net Cash Provided by (Used in) Operating Activities		(8,601	)		5,938
Cash Flows from Financing Activities:
Repayment of line of credit		0			(6,474	)
Borrowings on line of credit		8,857			4,998
Payments on leases payable		(3,096	)		0
Net Cash (Used in) Financing Activities		5,761			(1,476	)
Net Increase in Cash and Cash Equivalents		(2,840	)		4,462
Cash and Cash Equivalents – Beginning		7,679			4,523
Cash and Cash Equivalents – Ending	$	4,839		$	8,985
Supplemental Cash Flow Information:
Cash paid for interest	$	1,546		$	1,384
Cash paid for income taxes	$	0		$	0

The accompanying notes are an integral part of the financial statements.

F-4

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

MARCH 31, 2008

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business

Basis of Accounting

The Company uses the accrual basis of accounting for financial statement reporting. Accordingly, revenues are recognized when products are delivered and services are rendered, and expenses are recognized when the obligation is incurred. The reported net revenues figure represents the total amount of fuel and telecommunications products and services that were purchased from the Company during the period by its customers, net of the Company’s cost of sales, as required under EITF 99-19 (ASC 605-45). See Note 10.

Basic of Presentation

Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. We believe that the disclosures are adequate to make the financial information presented not misleading. These condensed financial statements should be read in conjunction with the audited financial statements and the notes thereto for the year ended December 31, 2007. All adjustments were of a normal recurring nature unless otherwise disclosed. In the opinion of management, all adjustments necessary for a fair statement of the results of operations for the interim period have been included. The results of operations for such interim periods are not necessarily indicative of the results for the full year.

Cash and Cash Equivalents

The Company considers certificates of deposit and other highly liquid investments with original maturities of three months or less to be cash equivalents.

Property and Equipment

Property and equipment are recorded at cost. Depreciation expense is computed using straight-line methods over the estimated useful life of each asset. See Note 2.

Fair Value of Financial Instruments

Income Per Share

Income per share has been calculated based on the weighted average number of shares of common stock outstanding during the period.

F-5

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

MARCH 31, 2008

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Income Taxes

Use of Estimates

Concentrations of Credit Risk

In addition, the Company extends credit to customers in the normal course of business. The Company monitors the account receivable balances and does not expect significant collection problems.

Recent Accounting Pronouncements

In May 2009, the FASB issued ~~SFAS 165 (~~ASC 855-10) entitled “Subsequent Events”. Companies are now required to disclose the date through which subsequent events have been evaluated by management. Public entities (as defined) must conduct the evaluation as of the date the financial statements are issued, and provide disclosure that such date was used for this evaluation. ~~SFAS 165 (~~ASC 855-10) provides that financial statements are considered “issued” when they are widely distributed for general use and reliance in a form and format that complies with GAAP. ~~SFAS 165 (~~ASC 855-10) is effective for interim and annual periods ending after June 15, 2009 and must be applied prospectively.

FIn June 2009, the FASB issued ASC 105-610, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles. ASC 105-10 establishes the Codification as the sole source of authoritative accounting principles recognized by the FASB to be applied by all nongovernmental entities in the preparation of financial statements in conformity with GAAP. ASC 105-10 was prospectively effective for financial statements issued for fiscal years ending on or after September 15, 2009 and interim periods within those fiscal years. The adoption of ASC 105-10 on July 1, 2009 did not impact the Company’s results of operations or financial condition. The Codification did not change GAAP, however, it did change the way GAAP is organized and presented.

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

MARCH 31, 2008

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Recent Accounting Pronouncements

NOTE 2 – PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at March 31, 2008 and December 31, 2007:

	March 31, 2008			December 31, 2007
Machinery and equipment	$	365,402		$	365,402
Furniture and fixtures		25,793			25,793
Transportation equipment		21,494			21,494
Subtotal		412,689			412,689
Less: Accumulated depreciation		(257,666	)		(248,741	)
Property and equipment, net	$	155,023		$	163,948

NOTE 3 – LOANS PAYABLE – RELATED PARTIES

Loans payable to related parties are due to officers for funds advanced to the Company for working capital and are non-interest bearing and due upon demand. There was $5,550 due to a related party as of March 31, 2008 and December 31, 2007.

NOTE 4 – LINE OF CREDIT PAYABLE

The Company has a $100,000 unsecured line of credit available with First Place Bank, which is payable upon demand. The officers personally guarantee borrowings under this line of credit. At March 31, 2008 and December 31, 2007, $63,660 and $54,803, respectively, was owed under this line of credit. Interest rates fluctuate based on the prime rate plus 3.25%. The rates in effect at March 31, 2008 and December 31, 2007 were 10.5% and 10.5%, respectively.

F-7

~~SPECIALIZED SERVICES~~EXERGETIC ENERGY, INC.

(FORMERLY SPECIALIZED SERVICES, INC.)

NOTES TO THE FINANCIAL STATEMENTS

~~MARCH~~ DECEMBER 31, ~~2008~~2010

NOTE 5 – INCOME TAXES

For the period ended March 31, 2008, the Company has incurred net losses and, therefore, has no tax liability. The net operating loss carry-forward is approximately $205,700 at March 31,2008, can be carried forward and applied against future taxable income and used to reduce income taxes owed, and will expire in various amounts through the year 2027.

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

	March 31, 2008			December 31, 2007
Deferred tax asset attributable to:
Net operating loss carryover	$	205,700		$	196,500
Less: valuation allowance		(205,700	)		(196,500	)
Net deferred tax asset	$	-		$	-

NOTE 6 – CAPITAL STOCK

On October 8, 2007, the Company approved a 1 to 10 reverse stock split. Shares outstanding, average weighted shares outstanding, and loss per share have been adjusted to reflect this split.

During the three months ended March 31, 2008, there were 20,040,000 shares of common stock issued for services valued at $20,326.

There were 23,896,700 shares of common stock outstanding as March 31, 2008.

There were no preferred shares issued and outstanding at March 31, 2008.

NOTE 7 – OPERATING LEASE

The company rents its operating facilities under a 5 year operating lease dated October 1, 2003. The future minimum rental payments due under this lease were as follows at December 31, 2007:

December 31, 2009		$	39,235
Total		$	39,235

F-8

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

MARCH 31, 2008

NOTE 8 – CAPITAL LEASES

March 31, 2009	$	59,652
2010		57,921
2011		57,921
2012		57,921
2013		34,470
Total	$	267,885

NOTE 9 – RESTATEMENT

In its March 31, 2007 Statement of Operations, the Company presented its gross revenues and direct costs, rather than presenting them on a net basis as required by EITF 99-19 (ASC 605-45). The Company has restated its March 31, 2007 revenues in these financial statements to present them on a net basis, as follows:

	As Previously Stated		As Restated		Effect of Restatement
Gross Billings	$	4,680,862		-	$	(4,680,862	)
Direct Costs	$	4,656,829		-	$	(4,656,829	)
Net Revenues	$	24,033	$	24,033	$	0

NOTE 10 – NET REVENUE

Net Revenue for the three months ended March 31, 2008 of $76,285 was comprised of gross billings of $2,630,631 less direct costs of $2,554,346. Net revenue for the three months ended March 31, 2007 of $24,033 was comprised of gross billings of $4,680,865 less direct costs of $4,656,829.

NOTE 11 – SUBSEQUENT EVENTS

The Company has analyzed its operations subsequent to March 31, 2008 to October 18, 2010, the date these financial statements were issued, and has determined that it does not have any other material subsequent events to disclose in these financial statements.

F-9

SPECIALIZED SERVICES, INC.

BALANCE SHEETS

AS OF JUNE 30, 2008 (UNAUDITED) AND DECEMBER 31, 2007 (AUDITED)

	June 30, 2008 (Unaudited)			December 31, 2007 (Audited)
ASSETS
Current Assets
Cash	$	2,583		$	7,679
Accounts receivable, net		74,647			10,811
Prepaid interest		85,684			107,256
Total Current Assets		162,914			125,746
Property and Equipment, Net		146,098			163,948
Other Assets
Deposits		5,709			5,709
TOTAL ASSETS	$	314,721		$	295,403
LIABILITIES AND STOCKHOLDERS’ DEFICIT
LIABILITIES
Current Liabilities
Accounts payable	$	10,424		$	5,919
Accrued expenses and taxes		198,882			147,692
Leases payable – current portion		73,100			57,921
Loans payable – related party		5,550			5,550
Line of credit		63,686			54,803
Total Current Liabilities		351,642			271,885
Long – Term Liabilities
Leases payable		193,753			213,060
TOTAL LIABILITIES		545,395			484,945
STOCKHOLDERS’ DEFICIT
Common Stock – $.0001 par value, 100,000,000 shares authorized; 23,896,700 and 3,856,700 shares issued and outstanding		2,390			386
Additional paid-in capital		406,529			388,207
Accumulated deficit		(639,593	)		(578,135	)
TOTAL STOCKHOLDERS’ DEFICIT		(230,674	)		(189,542	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	314,721		$	295,403

The accompanying notes are an integral part of the financial statements.

F-1

SPECIALIZED SERVICES, INC.

STATEMENTS OF OPERATIONS (UNAUDITED)

FOR THE SIX AND THREE MONTHS ENDED JUNE 30, 2008 AND 2007

	Six months ended June 30, 2008 (Unaudited)			Six months ended June 30, 2007 (Unaudited)			Three months ended June 30, 2008 (Unaudited)			Three months ended June 30, 2007 (Unaudited)
NET REVENUES	$	102,588		$	175,564		$	26,302		$	151,531
OPERATING EXPENSES		175,061			513,610			60,936			435,239
LOSS FROM OPERATIONS		(72,473	)		(338,046	)		(34,634	)		(283,708	)
OTHER INCOME (EXPENSE)		11,015			(2,950	)		0			(7,499	)
NET LOSS BEFORE INCOME TAXES		(61,458	)		(340,996	)		(34,634	)		(291,207	)
PROVISION FOR INCOME TAXES		0			6,300			0			20,500
NET LOSS	$	(61,458	)	$	(347,296	)	$	(34,634	)	$	(311,707	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		15,198,019			3,173,364			23,896,700			3,287,000
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.11	)	$	(0.00	)	$	(0.09	)

The accompanying notes are an integral part of the financial statements.

F-2

SPECIALIZED SERVICES, INC.

STATEMENT OF STOCKHOLDERS’ EQUITY (UNAUDITED)

AS OF JUNE 30, 2008

	Common Stock					Additional Paid in		Accumulated
	Shares		Amount			Capital		Deficit			Total
Beginning balance, January 1, 2005		900,000	$	3,000		$	21,948	$	(72,879	)	$	(45,931	)
Adjustment for stock split		-		(2,100	)		2,100		-			-
Shares issued		1,299,800		1,300			-		-			1,300
Distribution to shareholders		-		-			-		(2,000	)		(2,000	)
Net income for the year ended December 31, 2005		-		-			-		6,344			6,344
Balance, December 31, 2005		2,199,800		2,200			24,048		(68,535	)		(42,287	)
Shares issued		800,000		800			-		-			800
Net loss for the year ended December 31, 2006		-		-			-		(12,371	)		(12,371	)
Balance, December 31, 2006		2,999,800		3,000			24,048		(80,906	)		(53,858	)
Shares issued		856,900		857			360,688		-			361,545
Stock split, 1 to 10		-		(3,471	)		3,471
Net loss for the year ended December 31, 2007		-		-			-		(497,229	)		(497,229	)
Balance, December 31, 2007		3,856,700		386			388,207		(578,135	)		(189,542	)
Shares issued for services		20,040,000		2,004			18,322		-			20,326
Net loss for the six months ended June 30, 2008		-		-			-		(61,458	)		(61,458	)
Balance, June 30, 2008		23,896,700	$	2,390		$	406,529	$	(639,593	)	$	(230,674	)

The accompanying notes are an integral part of the financial statements.

F-3

SPECIALIZED SERVICES, INC.

STATEMENTS OF CASH FLOWS (UNAUDITED)

FOR THE SIX MONTHS ENDED JUNE 30, 2008 AND 2007

	Six months ended June 30, 2008 (Unaudited)			Six months ended June 30, 2007 (Unaudited)
Cash Flows from Operating Activities
Net loss for the period	$	(61,458	)	$	(347,296	)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:
Depreciation and amortization		39,422			0
Stock issued for services		20,326			193,020
Changes in Assets and Liabilities
(Increase) decrease in accounts receivable		(63,836	)		5,930
(Increase) in deferred taxes		0			6,300
Increase in accounts payable		4,505			0
Increase in accrued expenses and taxes		51,190			136,485
Net Cash Used in Operating Activities		(9,851	)		(5,561	)
Cash Flows from Financing Activities
Repayment of line of credit		0			0
Borrowings on line of credit		8,883			9,303
Payments on leases payable		(4,128	)		(5,000	)
Net Cash Provided by Financing Activities		4,755			4,303
Net Increase in Cash and Cash Equivalents		(5,096	)		(1,258	)
Cash and Cash Equivalents – Beginning		7,679			4,523
Cash and Cash Equivalents – Ending	$	2,583		$	3,265
Supplemental Cash Flow Information:
Cash paid for interest	$	2,934		$	3,001
Cash paid for income taxes	$	0		$	0

The accompanying notes are an integral part of the financial statements.

F-4

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

JUNE 30, 2008

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business

Basis of Accounting

The Company uses the accrual basis of accounting for financial statement reporting. Accordingly, revenues are recognized when products are delivered and services are rendered, and expenses are recognized when the obligation is incurred. The reported net revenues figure represents the total amount of fuel and telecommunications products and services that were purchased from the Company during the period by its customers, net of the Company’s cost of sales, as required under EITF 99-19 (ASC 605-45). See Note 10.

Basic of Presentation

Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. We believe that the disclosures are adequate to make the financial information presented not misleading. These condensed financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto for the year ended December 31, 2007. All adjustments were of a normal recurring nature unless otherwise disclosed. In the opinion of management, all adjustments necessary for a fair statement of the results of operations for the interim period have been included. The results of operations for such interim periods are not necessarily indicative of the results for the full year.

Cash and Cash Equivalents

The Company considers certificates of deposit and other highly liquid investments with original maturities of three months or less to be cash equivalents.

Property and Equipment

Property and equipment are recorded at cost. Depreciation expense is computed using straight-line methods over the estimated useful life of each asset. See Note 2.

Fair Value of Financial Instruments

Income Per Share

Income per share has been calculated based on the weighted average number of shares of common stock outstanding during the period.

F-5

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

JUNE 30, 2008

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Income Taxes

Use of Estimates

Concentrations of Credit Risk

In addition, the Company extends credit to customers in the normal course of business. The Company monitors the account receivable balances and does not expect significant collection problems.

Recent Accounting Pronouncements

F-6

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

JUNE 30, 2008

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Recent Accounting Pronouncements

NOTE 2 – PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at ~~June~~December 3031, ~~2008~~2010 and ~~December 31, 2007~~2009:

	June 30, 2008			December 31, 2007
	2010			2009
Machinery and equipment	$	365,402		$	365,402
Furniture and fixtures		25,793			25,793
Transportation equipment		21,494			21,494
Subtotal		412,689			412,689
Less: Accumulated depreciation		(~~266~~355,~~591~~841	)		(~~248~~320,~~741~~141	)
Property and equipment, net	$	146,098		$	163,948
Less: Impairment		(56,848	)		0
Property and equipment, net	$	0		$	92,548

~~NOTE 3~~Depreciation –expense ~~LOANS~~was ~~PAYABLE~~$35,700 –for ~~RELATED~~the ~~PARTIES~~years ended December 31, 2010 and 2009.

~~Loans payable~~The toCompany ~~related~~scrapped ~~parties are due to officers for funds advanced to~~ the ~~Company for~~remaining ~~working~~property ~~capital~~ and ~~are~~equipment ~~non-interest~~at ~~bearing~~December ~~and~~31, ~~due~~2010 ~~upon~~as ~~demand.~~it ~~There~~ was ~~$5,550~~ ~~due~~no tolonger auseful. A ~~related~~loss ~~party~~on asthe disposal of ~~June~~assets 30of $56,848 ~~2008~~was ~~and~~recorded on December 31, ~~2007~~ 2010.

NOTE 4 3 – ~~LINE~~ACCRUED ~~OF CREDIT PAYABLE~~EXPENSES

~~The Company~~Accrued ~~has~~expenses aconsisted ~~$100,000 unsecured line~~ of ~~credit available with First Place Bank~~$184, ~~which~~573 ~~is payable upon demand. The officers personally guarantee borrowings under this line~~ of ~~credit.~~officer Atsalary ~~June 30, 2008~~ and ~~December 31, 2007,~~ $6315,~~686~~801 ~~and $54,083,~~due ~~respectively,~~on ~~was~~a ~~owed~~company ~~under~~credit ~~this~~card ~~line~~as of ~~credit. Interest rates fluctuate based on the prime rate plus 3.25%. The rates in effect at June 30, 2008 and~~ December 31, ~~2007 were 8~~2010.~~5% and 10.5%, respectively.~~

~~F-7~~NOTE 4 – LOANS PAYABLE – RELATED PARTIES

~~SPECIALIZED SERVICES,~~Loans ~~INC~~payable to related parties are due to officers for funds advanced to the Company for working capital and are non-interest bearing and due upon demand.

~~NOTES TO~~NOTE ~~THE~~5 ~~FINANCIAL~~– ~~STATEMENTS~~LINE OF CREDIT PAYABLE

~~JUNE 30~~The Company has a $100,000 ~~2008~~unsecured line of credit available with First Place Bank, which is payable upon demand. The officers personally guarantee borrowings under this line of credit. At December 31, 2010 and 2009 $52,294 was owed under this line of credit. Interest rates fluctuate based on the prime rate plus 3.25%. The rates in effect at December 31, 2010 and 2009 was 6.5%. Accrued interest was $4,603 as of December 31, 2010. The loan is currently in default.

NOTE 5 6 – ~~INCOME~~CAPITAL ~~TAXES~~LEASES

~~For~~The Company sold and leased back equipment during the ~~period~~ year ended ~~June~~December 3031, ~~2008,~~2007. The ~~the~~ Company ~~has~~entered ~~incurred~~into ~~net~~five ~~losses~~capital ~~and,~~lease ~~therefore, has~~agreements. All noof ~~tax~~the ~~liability.~~leases ~~The~~are ~~net~~for ~~operating~~a ~~loss~~term ~~carry-forward~~of is60 ~~approximately $217,500~~months atwith ~~June~~varying ~~30,~~interest ~~2008,~~rates. ~~can~~The beentire ~~carried~~amount ~~forward~~of ~~and~~interest ~~applied~~due ~~against~~over ~~future taxable~~the ~~income~~term ~~and~~of ~~used~~the toleases ~~reduce~~has ~~income~~been ~~taxes~~capitalized ~~owed,~~as ~~and~~prepaid ~~will~~interest ~~expire~~and inis ~~various amounts~~being ~~through~~amortized over the ~~year~~lease ~~2027~~term. All leases are currently in default.

The ~~cumulative~~ ~~tax~~future ~~effect~~minimum atrental ~~the~~payments ~~expected~~due ~~rate~~under ofthese ~~34%~~leases ofwere ~~significant~~as ~~items comprising~~follows ~~our~~at ~~net~~December ~~deferred~~31, ~~tax amount is as follows~~2010:

	June 30, 2008			December 31, 2007
December 31, 2011	$	218,221
Deferred tax asset attributable to:
2012		48,632
Net operating loss carryover	$	217,500		$	196,500
2013		0
Less: valuation allowance		(217,500	)		(196,500	)
Total	$	266,853
Net deferred tax asset	$	-		$	-

NOTE 6 – CAPITAL STOCK

On October 8, 2007, the Company approved a 1 to 10 reverse stock split. Shares outstanding, average weighted shares outstanding, and loss per share have been adjusted to reflect this split.

During the six months ended June 30, 2008, there were 20,040,000 shares of common stock issued for services valued at $20,326.

There were 23,896,700 shares of common stock outstanding as June 30, 2008.

There were no preferred shares issued and outstanding at June 30, 2008.

NOTE 7 – OPERATING LEASE

The company rents its operating facilities under a 5 year operating lease dated October 1, 2003. The future minimum rental payments due under this lease were as follows at December 31, 2007:

December 31, 2009		$	20,417
Total		$	20,417

F-8

~~SPECIALIZED SERVICES~~EXERGETIC ENERGY, INC.

(FORMERLY SPECIALIZED SERVICES, INC.)

NOTES TO THE FINANCIAL STATEMENTS

~~JUNE 30~~DECEMBER 31, ~~2008~~2010

NOTE 8 7 – CAPITAL ~~LEASES~~STOCK

~~The Company~~During ~~sold and leased back equipment during~~ the year ended December 31, ~~2007. The~~ ~~Company~~2008, ~~entered~~there ~~into~~were ~~five~~20,040,000 ~~capital~~shares ~~lease agreements. All~~ of ~~the~~common ~~leases~~stock ~~are~~issued for aservices ~~term~~valued ofat ~~60 months with varying interest rates~~$20,326. ~~The~~On ~~entire~~December ~~amount~~20, of2008 ~~interest due over~~ the ~~term~~Company ofexecuted ~~the leases~~a ~~has~~1 ~~been~~to ~~capitalized~~50 asstock ~~prepaid~~split. ~~interest~~Shares ~~and~~outstanding, isaverage ~~being~~weighted ~~amortized~~shares ~~over~~outstanding ~~the lease~~and ~~term.~~loss ~~The~~per ~~future~~share ~~minimum~~have ~~rental~~been ~~payments~~adjusted ~~due~~to ~~under~~reflect this ~~lease were as follows at June 30, 2008:~~split.

June 30, 2009	$	73,100
2010		57,921
2011		57,921
2012		57,921
2013		19,990
Total	$	266,853

There were no additional shares issued during the year ended December 31, 2010.

~~NOTE 9~~There –were ~~RESTATEMENT~~473,341 shares of common stock outstanding as December 31, 2010. There were no preferred shares issued and outstanding at December 31, 2010.

InNOTE ~~its June~~8 ~~30,~~– ~~2007~~INCOME Statement of Operations, the Company presented its gross revenues and direct costs, rather than presenting them on a net basis as required by EITF 99-19 (ASC 605-45). The Company has restated its June 30, 2007 revenues in these financial statements to present them on a net basis, as follows:TAXES

	As Previously Stated		As Restated		Effect of Restatement
Six Months
Gross Billings	$	9,955,042		-	$	(9,955,042	)
Direct Costs	$	9,779,478		-	$	(9,779,478	)
Net Revenues	$	175,564	$	175,564	$	0
Three Months
Gross Billings	$	5,274,180		-	$	(5,274,180	)
Direct Costs	$	5,122,649		-	$	(5,122,649	)
Net Revenues	$	151,531	$	151,531	$	0

For the period ended December 31, 2010, the Company has incurred net losses and, therefore, has no tax liability. The net operating loss carry-forward is approximately $936,500 at December 31, 2010, can be carried forward and applied against future taxable income and used to reduce income taxes owed, and will expire in various amounts through the year 2030. Due to the change in ownership provisions of the Tax Reform Act of 1986, the net operating loss carry forwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.

NOTE 10 – NET REVENUE

Net Revenue for the six months ended June 30, 2008 of $102,588 was comprised of gross billings of $5,825,369 less direct costs of $5,722,781. Net revenue for the six months ended June 30, 2007 of $175,564 was comprised of gross billings of $9,955,042 less direct costs of $9,779,478.

Net Revenue for the three months ended June 30, 2008 of $26,302 was comprised of gross billings of $3,194,738 less direct costs of $3,168,436. Net revenue for the three months ended June 30, 2007 of $151,531 was comprised of gross billings of $5,274,180 less direct costs of $5,122,649.

F-9

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

JUNE 30, 2008

NOTE 11 – SUBSEQUENT EVENTS

The Company has analyzed its operations subsequent to June 30, 2008 to October 18, 2010, the date these financial statements were issued, and has determined that it does not have any other material subsequent events to disclose in these financial statements.

F-10

SPECIALIZED SERVICES, INC.

BALANCE SHEETS

AS OF SEPTEMBER 30, 2008 (UNAUDITED) AND DECEMBER 31, 2007 (AUDITED)

	September 30, 2008 (Unaudited)			December 31, 2007 (Audited)
ASSETS
Current Assets
Cash	$	1,998		$	7,679
Accounts receivable, net		72,204			10,811
Prepaid interest		75,805			107,256
Total Current Assets		150,007			125,746
Property and Equipment, Net		137,173			163,948
Other Assets
Deposits		5,709			5,709
TOTAL ASSETS	$	292,889		$	295,403
LIABILITIES AND STOCKHOLDERS’ DEFICIT
LIABILITIES
Current Liabilities
Accounts payable	$	12,018		$	5,919
Accrued expenses and taxes		200,322			147,692
Leases payable – current portion		87,580			57,921
Loans payable – related party		5,550			5,550
Line of credit		61,240			54,803
Total Current Liabilities		366,710			271,885
Long – Term Liabilities
Leases payable		179,273			213,060
TOTAL LIABILITIES		545,983			484,945
STOCKHOLDERS’ DEFICIT
Common Stock – $.0001 par value, 100,000,000 shares authorized; 23,896,700 and 3,856,700 shares issued and outstanding		2,390			386
Additional paid-in capital		406,529			388,207
Accumulated deficit		(662,013	)		(578,135	)
Total STOCKHOLDERS’ DEFICIT		(253,094	)		(189,542	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	292,889		$	295,403

The accompanying notes are an integral part of the financial statements.

F-1

SPECIALIZED SERVICES, INC.

STATEMENTS OF OPERATIONS (UNAUDITED)

FOR THE NINE AND THREE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007

	Nine months ended September 30, 2008 (Unaudited)			Nine months ended September 30, 2007 (Unaudited)			Three months ended September 30, 2008 (Unaudited)			Three months ended September 30, 2007 (Unaudited)
NET REVENUES	$	123,768		$	189,480		$	21,180		$	13,916
OPERATING EXPENSES		218,661			614,621			43,600			101,011
LOSS FROM OPERATIONS		(94,893	)		(425,141	)		(22,420	)		(87,095	)
OTHER INCOME (EXPENSE)		11,015			43,752			0			46,702
NET LOSS BEFORE INCOME TAXES		(83,878	)		(381,389	)		(22,420	)		(40,393	)
PROVISION FOR INCOME TAXES		0			6,300			0			0
NET LOSS	$	(83,878	)	$	(387,689	)	$	(22,420	)	$	(40,393	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		18,118,744			3,368,810			23,896,700			3,287,000
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.11	)	$	(0.00	)	$	(0.01	)

The accompanying notes are an integral part of the financial statements.

F-2

SPECIALIZED SERVICES, INC.

STATEMENT OF STOCKHOLDERS’ EQUITY (UNAUDITED)

AS OF SEPTEMBER 30, 2008

	Common Stock					Additional Paid in		Accumulated
	Shares		Amount			Capital		Deficit			Total
Beginning balance, January 1, 2005		900,000	$	3,000		$	21,948	$	(72,879	)	$	(45,931	)
Adjustment for stock split		-		(2,100	)		2,100		-			-
Shares issued		1,299,800		1,300			-		-			1,300
Distribution to shareholders		-		-			-		(2,000	)		(2,000	)
Net income for the year ended December 31, 2005		-		-			-		6,344			6,344
Balance, December 31, 2005		2,199,800		2,200			24,048		(68,535	)		(42,287	)
Shares issued		800,000		800			-		-			800
Net loss for the year ended December 31, 2006		-		-			-		(12,371	)		(12,371	)
Balance, December 31, 2006		2,999,800		3,000			24,048		(80,906	)		(53,858	)
Shares issued		856,900		857			360,688		-			361,545
Stock split, 1 to 10		-		(3,471	)		3,471		-			0
Net loss for the year ended December 31, 2007		-		-			-		(497,229	)		(497,229	)
Balance, December 31, 2007		3,856,700		386			388,207		(578,135	)		(189,542	)
Shares issued for services		20,040,000		2,004			18,322		-			20,326
Net loss for the nine months ended September 30, 2008		-		-			-		(83,878	)		(83,878	)
Balance, September 30, 2008		23,896,700	$	2,390		$	406,529	$	(662,013	)	$	(253,094	)

The accompanying notes are an integral part of the financial statements.

F-3

SPECIALIZED SERVICES, INC.

STATEMENTS OF CASH FLOWS (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007

	Nine months ended September 30, 2008 (Unaudited)			Nine months ended September 30, 2007 (Unaudited)
Cash Flows from Operating Activities
Net loss for the period	$	(83,878	)	$	(387,689	)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:
Depreciation and amortization		58,226			5,627
Stock issued for services		20,326			193,020
Changes in Assets and Liabilities
(Increase) decrease in accounts receivable		(61,393	)		(55,672	)
(Increase) in deferred taxes		0			6,300
(Increase) in security deposit		0			(1,314	)
Increase in accounts payable		6,099			0
Increase in accrued expenses and taxes		52,630			118,101
Net Cash Used in Operating Activities		(7,990	)		(121,627	)
Cash Flows from Investing Activities
Cash paid to acquire equipment		0			(15,000	)
Net Cash (Used in) Financing Activities		0			(15,000	)
Cash Flows from Financing Activities
Repayment of line of credit		(2,446	)		(1,770	)
Borrowings on line of credit		8,883			9,303
Capital leases payable		0			158,763
Payments on leases payable		(4,128	)		(5,000	)
Net Cash Provided by Financing Activities		2,309			161,296
Net Increase (Decrease) in Cash and Cash Equivalents		(5,681	)		24,669
Cash and Cash Equivalents – Beginning		7,679			4,523
Cash and Cash Equivalents – Ending	$	1,998		$	29,192
Supplemental Cash Flow Information:
Cash paid for interest	$	4,259		$	4,699
Cash paid for income taxes	$	0		$	0

The accompanying notes are an integral part of the financial statements.

F-4

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

SEPTEMBER 30, 2008

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business

Basis of Accounting

The Company uses the accrual basis of accounting for financial statement reporting. Accordingly, revenues are recognized when products are delivered and services are rendered, and expenses are recognized when the obligation is incurred. The reported net revenues figure represents the total amount of fuel and telecommunications products and services that were purchased from the Company during the period by its customers, net of the Company’s cost of sales, as required under EITF 99-19 (ASC 605-45). See Note 10.

Basic of Presentation

Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. We believe that the disclosures are adequate to make the financial information presented not misleading. These condensed financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto for the year ended December 31, 2007. All adjustments were of a normal recurring nature unless otherwise disclosed. In the opinion of management, all adjustments necessary for a fair statement of the results of operations for the interim period have been included. The results of operations for such interim periods are not necessarily indicative of the results for the full year.

Cash and Cash Equivalents

The Company considers certificates of deposit and other highly liquid investments with original maturities of three months or less to be cash equivalents.

Property and Equipment

Property and equipment are recorded at cost. Depreciation expense is computed using straight-line methods over the estimated useful life of each asset. See Note 2.

Fair Value of Financial Instruments

Income Per Share

Income per share has been calculated based on the weighted average number of shares of common stock outstanding during the period.

F-5

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

SEPTEMBER 30, 2008

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Income Taxes

Use of Estimates

Concentrations of Credit Risk

In addition, the Company extends credit to customers in the normal course of business. The Company monitors the account receivable balances and does not expect significant collection problems.

Recent Accounting Pronouncements

F-6

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

SEPTEMBER 30, 2008

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Recent Accounting Pronouncements

NOTE 2 – PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at June 30, 2008 and December 31, 2007:

	September 30, 2008			December 31, 2007
Machinery and equipment	$	365,402		$	365,402
Furniture and fixtures		25,793			25,793
Transportation equipment		21,494			21,494
Subtotal		412,689			412,689
Less: Accumulated depreciation		(275,516	)		(248,741	)
Property and equipment, net	$	137,173		$	163,948

NOTE 3 – LOANS PAYABLE – RELATED PARTIES

NOTE 4 – LINE OF CREDIT PAYABLE

The Company has a $100,000 unsecured line of credit available with First Place Bank, which is payable upon demand. The officers personally guarantee borrowings under this line of credit. At September 30, 2008 and December 31, 2007, $61,240 and $54,083, respectively, was owed under this line of credit. Interest rates fluctuate based on the prime rate plus 3.25%. The rates in effect at September 30, 2008 and December 31, 2007 were 8.5% and 10.5%, respectively.

F-7

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

SEPTEMBER 30, 2008

NOTE 5 – INCOME TAXES

For the period ended September 30, 2008, the Company has incurred net losses and, therefore, has no tax liability. The net operating loss carry-forward is approximately $225,000 at September 30, 2008, can be carried forward and applied against future taxable income and used to reduce income taxes owed, and will expire in various amounts through the year 2027.

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

	September 30, 2008			December 31, 2007
	2010			2009
Deferred tax asset attributable to:
Net operating loss carryover	$	~~225~~318,000		$	~~196~~256,~~500~~000
Less: valuation allowance		(~~225~~318,000	)		(~~196~~256,~~500~~000	)
Net deferred tax asset	$	-		$	-

NOTE 6 9 – ~~CAPITAL~~COMMITMENTS ~~STOCK~~AND CONTINGENCIES

~~During the~~The ~~year~~Company ~~ended~~neither ~~December~~owns ~~31,~~nor ~~2007,~~leases ~~the~~any ~~Company~~real ~~issued~~property 8as of December 31,~~569,000~~ ~~shares~~2010. ofAn ~~common stock~~officer ~~for~~has provided office services ~~and~~without incharge. There ~~connection~~is ~~with~~no obligation for the ~~sale-leaseback~~officer ~~of equipment~~to continue this arrangement. ~~The~~Such ~~total~~costs ~~value~~are ofimmaterial to the ~~shares~~financial ~~issued~~statements ~~for~~and ~~the~~accordingly ~~services~~are ~~was $193,045.~~not reflected herein. The ~~value~~officers ofand ~~the~~directors ~~shares~~are ~~issued~~involved in ~~connection~~other ~~with~~business ~~the~~activities ~~sale-leaseback of~~and ~~equipment~~most ~~was~~likely ~~$168,500~~will become involved in other business activities in the future.

~~On October~~NOTE ~~8, 2007, the Company approved a 1 to~~ 10 ~~reverse~~– ~~stock~~NET ~~split.~~REVENUE ~~Shares outstanding,~~AND ~~average~~MAJOR ~~weighted shares outstanding, and loss per share have been adjusted to reflect this split.~~CUSTOMERS

~~During the~~Net ~~nine~~Revenue ~~months~~for ~~ended~~2010 ~~September~~of 30$22,298 ~~2008,~~was ~~there~~comprised ~~were~~of ~~20,040,000~~gross ~~shares~~billings of ~~common stock~~$2,490,607 ~~issued~~less ~~for~~direct ~~services~~costs ~~valued~~of at $202,~~326~~468,309.

~~There were~~Net 23Revenue for 2009 of $68,~~896,700~~494 ~~shares~~was comprised of ~~common~~gross ~~stock~~billings ~~outstanding~~of as$2,751,666 ~~September~~less 30direct costs of $2, ~~2008~~683,172.

~~There were~~During no2010, ~~preferred~~two ~~shares~~customers ~~issued~~accounted for 99.9% of our gross revenues and ~~outstanding~~87% atof ~~September~~our 30net revenues as reflected on the statement of operations. In the opinion of management, ~~2008~~ the loss of either or both of these customers would have no material effect on the Company’s financial position.

NOTE 7 – OPERATING LEASE

The company rents its operating facilities under a 5 year operating lease dated October 1, 2003. The future minimum rental payments due under this lease were as follows at September 30, 2008:

December 31, 2009		$	20,417
Total		$	20,417

F-8

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

SEPTEMBER 30, 2008

NOTE 8 – CAPITAL LEASES

September 30, 2009	$	87,580
2010		57,921
2011		57,921
2012		57,921
2013		5,510
Total	$	266,853

NOTE 9 – RESTATEMENT

In its September 30, 2007 Statement of Operations, the Company presented its gross revenues and direct costs, rather than presenting them on a net basis as required by EITF 99-19 (ASC 605-45). The Company has restated its September 30, 2007 revenues in these financial statements to present them on a net basis, as follows:

	As Previously Stated		As Restated		Effect of Restatement
Nine Months
Gross Billings	$	12,296,488		-	$	(12,296,488	)
Direct Costs	$	12,107,008		-	$	(12,107,008	)
Net Revenues	$	189,480	$	189,480	$	0
Three Months
Gross Billings	$	2,341,446		-	$	(2,341,446	)
Direct Costs	$	2,327,530		-	$	(2,327,530	)
Net Revenues	$	13,916	$	13,916	$	0

NOTE 10 – NET REVENUE

Net Revenue for the nine months ended September 30, 2008 of $123,768 was comprised of gross billings of $8,396,288 less direct costs of $8,272,520. Net revenue for the nine months ended September 30, 2007 of $189,480 was comprised of gross billings of $12,296,488 less direct costs of $12,107,008.

Net Revenue for the three months ended September 30, 2008 of $21,180 was comprised of gross billings of $2,570,918 less direct costs of $2,549,738. Net revenue for the three months ended September 30, 2007 of $13,916 was comprised of gross billings of $2,341,446 less direct costs of $2,327,530.

F-9

~~SPECIALIZED SERVICES~~EXERGETIC ENERGY, INC.

(FORMERLY SPECIALIZED SERVICES, INC.)

NOTES TO THE FINANCIAL STATEMENTS

~~JUNE 30~~DECEMBER 31, ~~2008~~2010

NOTE 11 – ~~SUBSEQUENT~~GOING ~~EVENTS~~CONCERN

~~On January~~The ~~16,~~Company ~~2010~~has a negative working capital, ~~the~~has ~~Company~~incurred ~~and~~operating ~~certain~~losses ofin its ~~controlling~~two ~~shareholders entered~~most ~~into~~recent anfiscal ~~Agreement~~years, and ~~Plan~~its ofoperating ~~Merger~~activities ~~with~~have ~~Joule~~required ~~Energy, LLC~~financing from outside institutions and related parties. The ~~Merger~~accompanying isfinancial ~~expected~~statements tohave ~~close~~been ~~during~~prepared assuming that the ~~first~~Company ~~quarter~~will ~~of 2011~~continue as a going concern. The Company may continue to need outside financing to support its internal growth.

~~The Company~~NOTE ~~has~~12 ~~analyzed~~– ~~its~~SUBSEQUENT operations subsequent to September 30, 2008 to October 18, 2010, the date these financial statements were issued, and has determined that it does not have any other material subsequent events to disclose in these financial statements.EVENTS

On December 3, 2010, the Company and certain of its controlling shareholders entered into a Final Definitive Agreement and Plan of Merger with Exergetic Energy, Inc. The Merger was finalized during the first quarter of 2011.

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to December 31, 2010 to April 12, 2011, the date these financial statements were issued, and have determined that it does not have any material subsequent events to disclose in these financial statements other than the events described above.

F-10

~~SPECIALIZED SERVICES~~Board of Directors Pre-Approval Process, ~~INC.~~Policies and Procedures

~~FINANCIAL STATEMENTS~~Our principal auditors have performed their audit procedures in accordance with pre-approved policies and procedures established by our Board of Directors. Our principal auditors have informed our Board of Directors of the scope and nature of each service provided. With respect to the provisions of services other than audit, review, or attest services, our principal accountants brought such services to the attention of our Board of Directors prior to commencing such services.

~~DECEMBER 31,~~PART ~~2009~~IV

~~SPECIALIZED SERVICES, INC~~ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

FINANCIAL STATEMENTS

Regulation Number		Exhibit


31.1		Rule 13a-14(a) Certification of Chief Executive Officer and Chief Financial Officer

32.1		Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of Chief Executive Officer and Chief Financial Officer

~~DECEMBER 31, 2009~~19

~~TABLE OF CONTENTS~~SIGNATURES

Report of Independent Registered Public Accounting Firm	F-1
Balance Sheets at December 31, 2009 and 2008	F-2
Statements of Operations for the Years Ended
December 31, 2009 and 2008	F-3
Statement of Stockholders’ Deficit as of December 31, 2009	F-4
Statements of Cash Flows for the Years Ended
December 31, 2009 and 2008	F-5
Notes to the Financial Statements	F-6 – F-10

Silberstein Ungar, PLLC CPAs and Business Advisors

	EXERGETIC ENERGY, INC.

Dated: April 14, 2011	By:	/s/ C.B. McCollum
		Chairman of the Board

Dated: April 14, 2011	By:	/s/ James D. Jackson, CFO
		Principal Accounting Officer

Dated: April 14, 2011	By:	/s/ Clarence McCollum, Sr.
		President

~~Phone (248)~~Pursuant ~~203-0080~~to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.

Fax (248) 281-0940

Dated: April 14, 2011	By:	/s/ C.B. McCollum
		Chairman of the Board

Dated: April 14, 2011	By:	/s/ James D. Jackson, CFO
		Principal Accounting Officer

Dated: April 14, 2011	By:	/s/ Clarence McCollum, Sr.
		President

~~30600 Telegraph Road, Suite 2175~~20

Bingham Farms, MI 48025-4586

www.sucpas.com

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors

Specialized Services, Inc.

Southfield, Michigan

We have audited the accompanying balance sheets of Specialized Services, Inc., as of December 31, 2009 and 2008, and the related statements of operations, stockholders’ deficit, and cash flows for the years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Specialized Services, Inc., as of December 31, 2009 and 2008 and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

/s/ Silberstein Ungar, PLLC

Silberstein Ungar, PLLC

Bingham Farms, Michigan

May 25, 2010

F-1

SPECIALIZED SERVICES, INC.

BALANCE SHEETS

AS OF DECEMBER 31, 2009 AND 2008

ASSETS	2009			2008
Current Assets
Cash and cash equivalents	$	7,314		$	3,661
Accounts receivable		77,440			76,835
Prepaid interest		35,483			66,531
Total Current Assets		120,237			147,027
PROPERTY AND EQUIPMENT, net		92,548			128,248
TOTAL ASSETS	$	212,785		$	275,275
LIABILITIES AND STOCKHOLDERS’ DEFICIT
LIABILITIES
Current Liabilities
Accounts payable	$	27,818		$	28,486
Accrued expenses and taxes		202,357			206,057
Due to shareholders		2,200			0
Leases payable – current portion		160,300			102,060
Loan payable – related party		5,768			5,550
Line of credit		52,294			58,793
Total Current Liabilities		450,737			400,946
Long-Term Liabilities
Leases payable		106,553			164,793
TOTAL LIABILITIES		557,290			565,739
STOCKHOLDERS’ DEFICIT
Capital stock, $0.005 par value, 100,000,000 shares authorized, 1,172,140 and 1,172,140 shares issued and outstanding as of December 31, 2009 and 2008, respectively		5,861			5,861
Additional paid in capital		403,058			403,058
Accumulated deficit		(753,424	)		(699,383	)
Total Stockholders’ Deficit		(344,505	)		(290,464	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	212,785		$	275,275

The accompanying notes are an integral part of the financial statements

F-2

SPECIALIZED SERVICES, INC.

STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008

	2009			2008
NET REVENUE	$	68,494		$	145,720
OPERATING EXPENSES		122,570			277,988
LOSS FROM OPERATIONS		(54,076	)		(132,268	)
OTHER INCOME (EXPENSE)		35			11,020
LOSS PRIOR TO PROVISION FOR INCOME TAXES		(54,041	)		(121,248	)
PROVISION (BENEFIT) FOR INCOME TAXES		0			0
NET LOSS	$	(54,041	)	$	(121,248	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		1,172,140			1,085,629
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.05	)	$	(0.11	)

The accompanying notes are an integral part of the financial statements

F-3

SPECIALIZED SERVICES, INC.

STATEMENT OF STOCKHOLDERS’ DEFICIT

AS OF DECEMBER 31, 2009

	Common Stock						Additional Paid in		Accumulated
	Shares			Amount			Capital		Deficit			Total
Beginning balance, January 1, 2005		3,000		$	3,000		$	21,948	$	(72,879	)	$	(45,931	)
Adjustment for stock split		8,997,000			(2,100	)		2,100		-			-
Shares issued		12,998,000			1,300			-		-			1,300
Distribution to shareholders		-			-			-		(2,000	)		(2,000	)
Net income for the year ended December 31, 2005		-			-			-		6,344			6,344
Balance, December 31, 2005		21,998,000			2,200			24,048		(68,535	)		(42,287	)
Shares issued		8,000,000			800			-		-			800
Net loss for the year ended December 31, 2006		-			-			-		(12,371	)		(12,371	)
Balance, December 31, 2006		29,998,000			3,000			24,048		(80,906	)		(53,858	)
Shares issued		8,569,000			857			360,688		-			361,545
Net loss for the year ended December 31, 2007		-			-			-		(497,229	)		(497,229	)
Balance, December 31, 2007		38,567,000			3,857			384,736		(578,135	)		(189,542	)
Shares issued for services		20,040,000			2,004			18,322		-			20,326
Stock split, 1 to 50		(57,434,860	)		-			-		-			-
Net loss for the year ended December 31, 2008		-			-			-		(121,248	)		(121,248	)
Balance, December 31, 2008		1,172,140			5,861			403,058		(699,383	)		(290,464	)
Net loss for the year ended December 31, 2009		-			-			-		(54,041	)		(54,041	)
Balance, December 31, 2009		1,172,140		$	5,861		$	403,058	$	(753,424	)	$	(344,505	)

The accompanying notes are an integral part of the financial statements

F-4

SPECIALIZED SERVICES, INC.

STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008

	2009			2008
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss for the year	$	(54,041	)	$	(121,248	)
Adjustments to reconcile net (loss) to cash provided by operating activities:
Depreciation and amortization		66,748			76,425
Common stock issued for services		0			20,326
Changes in assets and liabilities:
(Increase) decrease in accounts receivable		(605	)		(66,024	)
(Increase) decrease in security deposits		0			5,709
Increase (decrease) in account payable		(668	)		22,567
Increase (decrease) in accrued expenses and taxes		(3,700	)		58,365
Increase in due to shareholder		2,200			0
Net Cash Provided by (Used in) Operating Activities		9,934			(3,880	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from line of credit		0			8,883
Payment on line of credit		(6,499	)		(4,893	)
Repayment of loan payable – related party		(1,000	)		0
Borrowings from loan payable – related party		1,218			0
Payments on leases payable		0			(4,128	)
Net Cash Used in Financing Activities		(6,281	)		(138	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		3,653			(4,018	)
CASH AND CASH EQUIVALENTS – BEGINNING		3,661			7,679
CASH AND CASH EQUIVALENTS – ENDING	$	7,314		$	3,661
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$	2,477		$	5,438
Cash paid for income taxes	$	0		$	0

The accompanying notes are an integral part of the financial statements

F-5

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, 2009

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business

Basis of Accounting

Cash and Cash Equivalents

The Company considers certificates of deposit and other highly liquid investments with original maturities of three months or less to be cash equivalents.

Property and Equipment

Property and equipment are recorded at cost. Depreciation expense is computed using straight-line methods over the estimated useful life of each asset. See Note 2.

Fair Value of Financial Instruments

Income Taxes

Loss Per Share

Loss per share has been calculated based on the weighted average number of shares of common stock outstanding during the period. See Note 6.

F-6

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, 2009

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Use of Estimates

Concentrations of Credit Risk

In addition, the Company extends credit to customers in the normal course of business. The Company monitors the account receivable balances and does not expect significant collection problems.

Recent Accounting Pronouncements

F-7

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, 2009

NOTE 2 – PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at December 31, 2009 and 2008:

	2009			2008
Machinery and equipment	$	365,402		$	365,402
Furniture and fixtures		25,793			25,793
Transportation equipment		21,494			21,494
Subtotal		412,689			412,689
Less: Accumulated depreciation		(310,141	)		(284,441	)
Property and equipment, net	$	92,548		$	128,248

NOTE 3 – LOANS PAYABLE – RELATED PARTIES

Loans payable to related parties are due to officers for funds advanced to the Company for working capital and are non-interest bearing and due upon demand.

NOTE 4 – LINE OF CREDIT PAYABLE

The Company has a $100,000 unsecured line of credit available with First Place Bank, which is payable upon demand. The officers personally guarantee borrowings under this line of credit. At December 31, 2009 and 2008, $52,294 and $58,793, respectively, was owed under this line of credit. Interest rates fluctuate based on the prime rate plus 3.25%. The rates in effect at December 31, 2009 and 2008 were 6.5% and 6.5%, respectively.

NOTE 5 – INCOME TAXES

For the period ended December 31, 2009, the Company has incurred net losses and, therefore, has no tax liability. The net operating loss carry-forward is approximately $753,000 at December 31, 2009, can be carried forward and applied against future taxable income and used to reduce income taxes owed, and will expire in various amounts through the year 2029.

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

	December 31, 2009			December 31, 2008
Deferred tax asset attributable to:
Net operating loss carryover	$	256,000		$	238,000
Less: valuation allowance		(256,000	)		(238,000	)
Net deferred tax asset	$	-		$	-

F-8

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, 2009

NOTE 6 – CAPITAL STOCK

During the year ended December 31, 2008, there were 20,040,000 shares of common stock issued for services valued at $20,326. On December 20, 2008 the Company executed a 1 to 50 stock split. Shares outstanding, average weighted shares outstanding, and loss per share have been adjusted to reflect this split.

There were no additional shares issued during the year ended December 31, 2009.

There were 1,172,140 shares of common stock outstanding as December 31, 2009. There were no preferred shares issued and outstanding at December 31, 2009.

NOTE 7 – COMMITMENTS AND CONTINGENCIES

The Company neither owns nor leases any real property as of December 31, 2009. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.

NOTE 8 – CAPITAL LEASES

December 31, 2010	$	160,300
2011		57,921
2012		48,632
2013		0
Total	$	266,853

NOTE 9 – NET REVENUE

Net Revenue for 2009 of $68,494 was comprised of gross billings of $2,751,666 less direct costs of $2,683,172. Net Revenue for 2008 of $145,720 was comprised of gross billings of $10,547,202 less direct costs of $10,401,482.

F-9

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

DECEMBER 31, 2009

NOTE 10 – SUBSEQUENT EVENTS

The Company has analyzed its operations subsequent to December 31, 2008 and has determined that it does not have any other material subsequent events to disclose in these financial statements.

F-10

SPECIALIZED SERVICES, INC.

BALANCE SHEETS

AS OF MARCH 31, 2009 (UNAUDITED) AND DECEMBER 31, 2008 (AUDITED)

	March 31, 2009 (Unaudited)			December 31, 2008 (Audited)
ASSETS
Current Assets
Cash	$	5,042		$	3,661
Accounts receivable, net		73,190			76,835
Prepaid interest		57,862			66,531
Total Current Assets		136,094			147,027
Property and Equipment, Net		119,323			128,248
TOTAL ASSETS	$	255,417		$	275,275
LIABILITIES AND STOCKHOLDERS’ DEFICIT
LIABILITIES
Current Liabilities
Accounts payable	$	28,319		$	28,486
Accrued expenses and taxes		206,057			206,057
Leases payable – current portion		116,540			102,060
Loans payable – related party		5,550			5,550
Line of credit		56,275			58,793
Total Current Liabilities		412,741			400,946
Long – Term Liabilities
Leases payable		150,313			164,793
Total Liabilities		563,054			565,739
STOCKHOLDERS’ DEFICIT
Common Stock – $.0001 par value, 100,000,000 shares authorized; 473,341 and 473,341 shares issued and outstanding		47			47
Additional paid-in capital		408,872			408,872
Accumulated deficit		(716,556	)		(699,383	)
Total Stockholders’ Deficit		(307,637	)		(290,464	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	255,417		$	275,275

The accompanying notes are an integral part of the financial statements.

F-1

SPECIALIZED SERVICES, INC.

STATEMENTS OF OPERATIONS (UNAUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2009 AND 2008

	Three months ended March 31, 2009			Three months ended March 31, 2008
NET REVENUES	$	15,681		$	76,285
OPERATING EXPENSES		32,854			114,125
LOSS FROM OPERATIONS		(17,173	)		(37,840	)
OTHER INCOME (EXPENSE)		0			11,015
NET LOSS BEFORE INCOME TAXES		(17,173	)		(26,825	)
PROVISION FOR INCOME TAXES (BENEFIT)		0			0
NET LOSS	$	(17,173	)	$	(26,825	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		473,341			129,987
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.04	)	$	(0.21	)

The accompanying notes are an integral part of the financial statements.

F-2

SPECIALIZED SERVICES, INC.

STATEMENT OF STOCKHOLDERS’ DEFICIT (UNAUDITED)

AS OF MARCH 31, 2009

	Common Stock						Additional Paid in		Accumulated
	Shares			Amount			Capital		Deficit			Total
Beginning balance, January 1, 2005		18,000		$	3,000		$	21,948	$	(72,879	)	$	(45,931	)
Adjustment for stock split		-			(2,100	)		2,100		-			-
Shares issued		25,996			1,300			-		-			1,300
Distribution to shareholders		-			-			-		(2,000	)		(2,000	)
Net income for the year ended December 31, 2005		-			-			-		6,344			6,344
Balance, December 31, 2005		43,996			2,200			24,048		(68,535	)		(42,287	)
Shares issued		16,000			800			-		-			800
Net loss for the year ended December 31, 2006		-			-			-		(12,371	)		(12,371	)
Balance, December 31, 2006		59,996			3,000			24,048		(80,906	)		(53,858	)
Shares issued		17,138			857			360,688		-			361,545
Stock split, 1 to 10		-			(3,471	)		3,471		-			0
Net loss for the year ended December 31, 2007		-			-			-		(497,229	)		(497,229	)
Balance, December 31, 2007		77,134			386			388,207		(578,135	)		(189,542	)
Shares issued for services		400,800			2,004			18,322		-			20,326
Stock split, 1 to 50		-			(2,342	)		2,342		-			0
Outstanding share correction		(4,593	)		(1	)		1		-			0
Net loss for the year ended December 31, 2008		-			-			-		(121,248	)		(121,248	)
Balance, December 31, 2008		473,341			47			408,872		(699,383	)		(290,464	)
Net loss for the three months ended March 31, 2009		-			-			-		(17,173	)		(17,173	)
Balance, March 31, 2009		473,341		$	47		$	408,872	$	(716,556	)	$	(307,637	)

The accompanying notes are an integral part of the financial statements.

F-3

SPECIALIZED SERVICES, INC.

STATEMENTS OF CASH FLOWS (UNAUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2009 AND 2008

	Three months ended March 31, 2009			Three months ended March 31, 2008
Cash Flows from Operating Activities:
Net loss for the period	$	(17,173	)	$	(26,825	)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:
Depreciation and amortization		17,594			20,014
Stock issued for services		0			20,326
Changes in Assets and Liabilities
(Increase) decrease in accounts receivable		3,645			(60,972	)
Increase (decrease) in accounts payable		(167	)		1,732
Increase in accrued expenses and taxes		0			37,124
Net Cash Provided by (Used in) Operating Activities		3,899			(8,601	)
Cash Flows from Financing Activities:
Repayment of line of credit		(2,518	)		0
Borrowings on line of credit		0			8,857
Payments on leases payable		0			(3,096	)
Net Cash Provided by (Used in) Financing Activities		(2,518	)		5,761
Net Increase (Decrease) in Cash and Cash Equivalents		1,381			(2,840	)
Cash and Cash Equivalents – Beginning		3,661			7,679
Cash and Cash Equivalents – Ending	$	5,042		$	4,839
Supplemental Cash Flow Information:
Cash paid for interest	$	959		$	1,546
Cash paid for income taxes	$	0		$	0

The accompanying notes are an integral part of the financial statements.

F-4

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

MARCH 31, 2009

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business

Basis of Accounting

The Company uses the accrual basis of accounting for financial statement reporting. Accordingly, revenues are recognized when products are delivered and services are rendered, and expenses are recognized when the obligation is incurred. The reported net revenues figure represents the total amount of fuel and telecommunications products and services that were purchased from the Company during the period by its customers, net of the Company’s cost of sales, as required under EITF 99-19 (ASC 605-45). See Note 9.

Basic of Presentation

Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. We believe that the disclosures are adequate to make the financial information presented not misleading. These condensed financial statements should be read in conjunction with the audited financial statements and the notes thereto for the year ended December 31, 2008. All adjustments were of a normal recurring nature unless otherwise disclosed. In the opinion of management, all adjustments necessary for a fair statement of the results of operations for the interim period have been included. The results of operations for such interim periods are not necessarily indicative of the results for the full year.

Cash and Cash Equivalents

The Company considers certificates of deposit and other highly liquid investments with original maturities of three months or less to be cash equivalents.

Property and Equipment

Property and equipment are recorded at cost. Depreciation expense is computed using straight-line methods over the estimated useful life of each asset. See Note 2.

Fair Value of Financial Instruments

Loss Per Share

Loss per share has been calculated based on the weighted average number of shares of common stock outstanding during the period. See Note 6.

F-5

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

MARCH 31, 2009

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Income Taxes

Use of Estimates

Concentrations of Credit Risk

In addition, the Company extends credit to customers in the normal course of business. The Company monitors the account receivable balances and does not expect significant collection problems.

Recent Accounting Pronouncements

F-6

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

MARCH 31, 2009

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Recent Accounting Pronouncements

NOTE 2 – PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at March 31, 2009 and December 31, 2008:

	March 31, 2009			December 31, 2008
Machinery and equipment	$	365,402		$	365,402
Furniture and fixtures		25,793			25,793
Transportation equipment		21,494			21,494
Subtotal		412,689			412,689
Less: Accumulated depreciation		(293,366	)		(284,441	)
Property and equipment, net	$	119,323		$	128,248

NOTE 3 – LOANS PAYABLE – RELATED PARTIES

NOTE 4 – LINE OF CREDIT PAYABLE

The Company has a $100,000 unsecured line of credit available with First Place Bank, which is payable upon demand. The officers personally guarantee borrowings under this line of credit. At March 31, 2009 and December 31, 2008, $56,275 and $58,793, respectively, was owed under this line of credit. Interest rates fluctuate based on the prime rate plus 3.25%. The rates in effect at March 31, 2009 and December 31, 2008 were 6.5% and 6.5%, respectively.

F-7

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

MARCH 31, 2009

NOTE 5 – INCOME TAXES

For the period ended March 31, 2009, the Company has incurred net losses and, therefore, has no tax liability. The net operating loss carry-forward is approximately $717,000 at March 31,2009, can be carried forward and applied against future taxable income and used to reduce income taxes owed, and will expire in various amounts through the year 2027.

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

	March 31, 2009			December 31, 2008
Deferred tax asset attributable to:
Net operating loss carryover	$	244,000		$	238,000
Less: valuation allowance		(244,000	)		(238,000	)
Net deferred tax asset	$	-		$	-

NOTE 6 – CAPITAL STOCK

The Company has 100,000,000 shares of $0.0001 par value common stock authorized.

On October 8, 2007, the Company approved a 1 to 10 reverse stock split. Shares outstanding, average weighted shares outstanding, and loss per share have been adjusted to reflect this split.

During the year ended December 31, 2008, there were 20,040,000 shares of common stock issued for services valued at $20,326.

On December 20, 2008 the Company executed a 1 to 50 stock split. Shares outstanding, average weighted shares outstanding, and loss per share have been adjusted to reflect this split.

There were no shares issued during the three months ended March 31, 2009.

There were 473,341 shares of common stock outstanding as March 31, 2009.

There were no preferred shares issued and outstanding at March 31, 2009.

NOTE 7 – COMMITMENTS AND CONTINGENCIES

The Company neither owns nor leases any real property as of March 31, 2009. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.

F-8

SPECIALIZED SERVICES, INC.

NOTES TO THE FINANCIAL STATEMENTS

MARCH 31, 2009

NOTE 8 – CAPITAL LEASES

March 31, 2010	$	116,540
2011		57,921
2012		57,921
2013		34,471
2014		0
Total	$	266,853

NOTE 9 – NET REVENUE

Net Revenue for the three months ended March 31, 2009 of $15,681 was comprised of gross billings of $481,505 less direct costs of $465,824. Net Revenue for the three months ended March 31, 2008 of $76,285 was comprised of gross billings of $2,630,631 less direct costs of $2,554,346.

NOTE 10 – SUBSEQUENT EVENTS

The Company has analyzed its operations subsequent to March 31, 2009 to October 18, 2010, the date these financial statements were issued, and has determined that it does not have any other material subsequent events to disclose in these financial statements.

F-9

Filing Compare · EXERGETIC ENERGY, INC.